Read the article about the derivative losses piled up by JPMorgan in 2012 at the following website: http://dealbook.nytimes.com/2012/06/28/jpmorgan-trading-loss-may-reach-9-billion/ . Silver-Greenberg and Craig interview Mark Williams, a finance professor with experience as a bank examiner, and Williams states, Essentially, JPMorgan has been operating a hedge fund with federal insured deposits within a bank. This particular event has caused some Congressional leaders to wonder once again about tightening banking regulations. Also play the video on What Caused the 2008 Financial Collapse: https://youtu.be/5SUkvm9FECg

Share your reaction to this event and comment on the challenges faced in regulating derivative trading by banks.