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Why J.P. Morgan's Big Loss Isn't Your Problem

May 15, 2012 RSS Feed Print

Is it a sign that the whole banking system is in trouble again? Or just a foolish mistake at one company? CBS News invited me on-air recently to discuss how the huge trading loss at J.P. Morgan Chase affects ordinary people.

 Here's the clip:

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JPMorgan Chase

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Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman demystifies it and explains what matters to you. Rick is the author of Rebounders: How Winners Pivot from Setback to Success and the co-author of two other books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.

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