Take Away Spreadsheets? From My Cold, Dead Hands

There are many culprits to blame for the “London Whale” fiasco, which saw JPMorgan lose $6 billion on a poor series of credit default swap index (CDX) transactions. There’s Bruno Iksil, the London Whale trader himself, who took the risky positions. There’s Barry Zubrow, JPMorgan’s chief risk officer at the time. And, of course, there’s Jamie Dimon,  JPMorgan’s top boss, whose reputation was sullied by the loss.

But there was another bit player in this drama: Microsoft Excel spreadsheets.


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