In a surprise announcement, JPMorgan announces large trading loss

Posted by Kendall Harmon

[CEO Jamie] Dimon said the losses were caused by "errors," "sloppiness" and "bad judgment."

"This was a unique thing we did," Dimon said. "Obviously it had a lot of problems. It was a bad strategy. It became more complex, it was poorly managed."

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Filed under: * Culture-Watch • Psychology • * Economics, Politics • Economy • Corporations/Corporate Life • Stock Market • The Banking System/Sector • * Theology • Ethics / Moral Theology

2 Comments Posted May 10, 2012 at 4:58 pm

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