JPMorgan Chase CEO: I Have No Idea Whether We Broke The Law
(Best quote so far, my bold)
NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups. In an interview with NBC's "Meet the Press," Dimon says regulators should look at the matter.What? NOW you want regulators to do their job? AFTER you've lost 2 BILLION, BILLION with a B dollars?? Because you don't know if losing 2 BILLION dollars on "from risky bets on opaque derivatives at a London trading desk" was the thing to do or not? Do you know where that 2 BILLION dollars went to, sir? ... Do you know how much good 2 BILLION dollars could do for our schools and communities and infrastructure and elderly and students and everybody? Just don't ask the US taxpayer to bail you out again. And don't try to make up the loss by overcharging on student loans or sneaking unnecessary fees into checking accounts or screwing over desperate mortgage holders. Make up the loss out of your fucking bonuses.