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> Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co. and owned by JPMorgan Asset Management. so it's a

> Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co. and owned by JPMorgan Asset Management. so it's a fund managed by JPMAM but the assets are actually owned by probably a bunch of retirees and pensioners. now those guys are in deep trouble.

coachtrotz 7y ago
That is a crucial distinction. Matt Levine wrote about this yesterday - https://www.bloomberg.com/opinion/articles/2019-07-10/jpmorgan-might-lose-a-drug-ship https://www.bloomberg.com/opinion/articles/2019-07-10/jpmorg...