JPM Admits CIO Group Consistently Mismarked Hundreds Of Billions In CDS In Effort To Artificially Boost Profits | ZeroHedge
"As a result, the Firm is no longer confident that the trader marks
used to prepare the Firm's reported first quarter results (although
within the established thresholds) reflect good faith estimates of fair
value at quarter end.""
Wait...what? Where's the auditor's qualified opinion?
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