In a surprise announcement, JPMorgan announces large trading loss
[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
Posted May 10, 2012 at 4:58 pm
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The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/42810/
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2. Yebonoma wrote:
To paraphrase Mr. Miyagi - “Risk on, risk off” Dimon-san. May 11, 5:53 am | [comment link] |
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Does Morgan do the CPF trading? J P was active at St. George’s in New York City and a heavy contributor when the CPF was started about 90 years ago.
May 10, 9:35 pm | [comment link]