Tagged: jpmorgan chase

To Fail Too Big

Remember back in 2008, when it was decided by those who decide such things that Lehman Brothers wasn’t too big to fail, and the planet’s financial infrastructure melted down? Remember when the mortgage bubble built from “collateralized debt” burst like cheap balloons? It’s been five years. Memories fade. You may have already forgotten that the...

To Our Investors

Dear Inverstors in MichaelKonik.com, We’re really sorry about our most recent trading loss. People will say we require more oversight, and, in this case, maybe they’re right. It shouldn’t have happened, and we’ll take steps to make sure it doesn’t happen for a third time. The $4,000 or so ($4,882) of your money that we...