Bank of Canada governor, Mark Carney, and Liberal finance critic, Scott Brison, are personal friends. Last summer Carney took a week of vacation time that he and his family spent at Brison’s Nova Scotia vacation home. That was enough to send the Petty Party into a hissy fit, lodging an
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CuriosityCat: The London Whale: The Massive Gambles our Regulators and Banks are taking and why You will pay
We have all heard of the London Whale and his role in betting $100 billion (that’s $100,000,000,000)on derivatives and losing several billion for the proud and now humbled JPMorgan. And there’s one article you just have to read to understand why this can happen, has happened, and will happen, and
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