JPMorgan: Here’s the Flow Chart For How We Lost $5.8 Billion

Courtesy of Pam Martens

Organization Chart for JPMorgan's Risk, Legal and Compliance for the Chief Investment Office

 

To those still clinging to the absurdity that Wall Street banks aren’t too complicated to manage, this flow chart that JPMorgan Chase filed today with the SEC as part of its quarterly financial report (10Q) should resolve the question.

This is the organization chart for the entity, the Chief Investment Office, that oversaw the loss of $5.8 billion in the first six months of the year at JPMorgan Chase, the country’s largest bank by assets…

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