Here are seven (or so) links at 7AM Eastern. We will see you later with the daily linkfest. Good luck out there.
London Whale fail
JP Morgan ($JPM) discloses big losses housed at the CIO’s office. (Dealbook, WSJ, Bloomberg)
How’d it happen? (FT Alphaville, Felix Salmon)
How to process unexpected information on a position: the case of JP Morgan’s ‘blunder.’ (A Dash of Insight)
Bank reformers say “I told you so.” (Dealbook also Big Picture)
Failure of oversight: time for a new board at Chesapeake Energy ($CHK). (WSJ)
Chesapeake has got a fondness for off-balance sheet funding. (Reuters, WSJ, FT Alphaville)
Trying to assess just how much demand for Facebook ($FB) shares. (Bloomberg, Reuters also Wall Street Social, SAI)
Workday is the next big tech IPO after Facebook. (SAI also peHUB)
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