Word of Mouth
Wed May 16, 2012
An investigation into yet another growing financial bubble…this time, within the gas industry. Last week’s admission by J.P Morgan chase CEO Jamie Dimon that the company lost a staggering two billion dollars on one bad trade has revived the debate over more stringent regulation of Wall Street. While the story of corporate gambles has been long-focused on questionable securities like those that collapsed the housing market, a special report released by Reuters uncovers another industry involved in complex and risky financial engineering, big gas, specifically, the giant Chesapeake energy corporation.