Moody's Talks - Inside Economics cover image

Systemic Threats, Supervisory Shortfalls

Moody's Talks - Inside Economics

00:00

The Risk of Legal Indemnification in Case of Loss Suits

The reporting says that one of the main hiccups was legal indemnification in case of loss suits, which at various levels could be provided. What JP Morgan underappreciated in that purchase, and I think Jamie Dimon has said this, is I couldn't know what their legal risk was for the scuzzy practices that they've been associated with. And so he managed on JP the other industry.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app