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JPMorgan got fooled by the ‘nickel’ rocks that it bought

Make Me Smart
Make Me Smart
Episode • Mar 25, 2023 • 33m

Oops! How did nearly $2 million worth of nickel owned by JPMorgan Chase turn out to be just bags of rocks? We’ll give you the TL;DR on commodity trading and tell JPMorgan’s tale of woe. And, the House passed a piece of GOP-backed legislation that’s in line with many conservative politicians’ push to limit what can be taught and read in schools. While the bill won’t make it through a Democratic Senate, it could still be used as a political tool. Plus, a round of Half Full/Half Empty with a surprise guest host!

Here’s everything we talked about today:

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Make Me Smart • JPMorgan got fooled by the ‘nickel’ rocks that it bought • Listen on Fountain