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)

Chesapeake Energy

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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