by Kate Childs Graham | May 14, 2012
On Friday, a report was released showing that JP Morgan Chase may have lost more than $2 billion in bad trades. Calls for heavier regulation immediately followed the report’s release, from politicians, pundits and tweeters.
Within hours, JP Morgan was a trending topic on Twitter. Across the world, tweeters united to show that Wall Street will not go unchecked…at least in social media.
Here are some favorites:
Indeed, it is scary. However, if the company had an independent chair of the board who provided improved oversight and risk management, JP Morgan’s loss could have been avoided.
Until JP Morgan Chase gets meaningful controls over risk and real oversight of management, Twitter will have to keep up the regulation.