Yes folks, JPMorgan Chase CEO Jamie Dimon said his firm’s $2 billion
trading loss was an aberration, according to congressional testimony prepared
for delivery tomorrow.
“When we make mistakes, we take them seriously and often are
our own toughest critic,” Dimon said in the remarks ahead of his appearance
before the Senate Banking Committee to discuss losses linked to credit
derivatives by New York-based JPMorgan’s chief investment office. “While we can
never say we won’t make mistakes -- in fact, we know we will -- we do believe
this to be an isolated event.”
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