Posts Tagged ‘credit default swaps’

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    JPMorgan Chase and Financial Innovation

    May 11, 12 • 282 Views • Economic History, Financial Markets, Innovation, Money and Monetary Policy, Regulation, UncategorizedNo Comments

    In Boca Raton, Florida, during the early 1990s, a group of JP Morgan bankers gathered for an “offsite” weekend. Have some fun, get some sun, do some brainstorming. They had hoped to create a new product. And they did. Their new product involved