Tag: "US sovereign debt"

S&P Downgrade: A Good Thing?

Former JPMorgan Managing Director John Fullerton compares the current S&P credit downgrade to the days when JPM lost its AAA shine. He recalls that while it hurt the psyche and bruised the egos of employees, in the end, it made them better. John through his 18-year career at JP Morgan, managed multiple capital markets and global derivatives businesses, [...]