P. Morgan Chase & Co., the nation's largest bank, whose chief executive, Jamie Dimon, has lead Wall Street's war against regulation, announced Thursday it had lost $2 billion in trades over the past six weeks and could face
Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco at JP Morgan Chase, this is like blaming the lion that ate the kid who got too close to its cage at the zoo, rather than going after the guy who allowed
QOTD: Barney Frank vs Jamie Dimon. Joshua M Brown; May 11th, 2012. This pretty much gets to the heart of the matter re: the Volcker Rule, the banks - at the end of the day - really need to be saved from themselves. "In other words
(JPM) Chief Executive Officer Jamie Dimon's stunning May 10 conference call, in which he announced that the hedging strategy originating in the firm's vaunted "chief investment office" had cost the firm $2 billion, he seemed to hit his stride.
"Just because we're stupid doesn't mean everybody else was."
