Insert your card <a href=" http://moviescoremedia.com/apcalis-sx-20-kaufen.pptx#rocky ">apcalis tadalafil</a> Second, I am suspicious of your ability to determine what exactly is a hedge in a bank as complex as JP Morgan. Do you know the exact loan portfolio of JPM and how they hedge it? The fact of the matter is that JPM has a 2 TRILLION dollar loan portfolio on its book that needs to be hedged. The media is currently turning a blind eye to the fact that lending in itself is a risky activity, and arguably inherently riskier than trading or underwriting. The CDS tranche trades JPM&#8217;s CIO office undertook were effectively a hedge against short-term credit deteroriation that would have a negative impact on their loan book.