# Prof. Richard Sylla on JP Morgan's $2 billion trading loss

1 Faculty News June 11, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-06-10/wall-street-shrugs-as-jpmorgan-trades-lop-off-27-billion.html) -- "'Even a great banker like James Dimon can’t really manage such a huge operation,' [Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) said. 'They convince themselves that everything is fine because they’re making money.'"

[Read more](http://www.bloomberg.com/news/2012-06-10/wall-street-shrugs-as-jpmorgan-trades-lop-off-27-billion.html)