|
|
| Re: JP Morgan Chase Execs Vaporize $2B (941806) | |||
 |
|||
| Home > OTChat | |||
|
[ Read Responses | Post a New Response | Return to the Index ] |
|
||
|
Re: JP Morgan Chase Execs Vaporize $2B |
|
|
Posted by 3-9 on Tue May 15 19:44:00 2012, in response to Re: JP Morgan Chase Execs Vaporize $2B, posted by Charles G on Tue May 15 12:07:46 2012. In my industry, reinsurance, there are no bailouts. You simply don't place risk with anyone who you don't think can pay the loss -- and even if someone can pay the specific loss you don't over-expose yourself to any one name on an aggregation of losses.But in reinsurance, what is the benefit for taking that risk? Does it outweigh the penalties? In the financial industry, the rewards can be huge for successful bets, instantly turning the traders into multi-millionaires. When you're on a roll, with most of your decisions coming up gold, it isn't too difficult to start believing you have the Midas touch. Until, of course, it all comes crashing down. |
|
|
|