Historical Note on JP Morgan Chase London Problem

Bruno Iksil, aka The London Whale

Although the swirling details of the big loss trade have been purposely vague, to mitigate the blood-in-the-water feeding frenzy of the sharks (financial and political), this article from May 11 seems to shed some light on what it was.

http://blogs.reuters.com/felix-salmon/2012/05/11/chart-of-the-day-the-cdx-na-ig-9-basis/

See also

http://usa.greekreporter.com/2012/05/20/achilles-macris-the-greek-executive-who-lost-2-billion-in-one-month/

http://nymag.com/daily/intel/2012/05/jpmorgan-london-whale-bruno-iskil-2-billion-loss.html