According to the Wall St Journaql James Dimon has been one of the nation's most successful and
outspoken bank executives since the financial crisis, the go-to guy who bought
flailing Bear Stearns Cos. Inc. for a song and snapped up Washington Mutual
Inc. after the thrift collapsed.
On Thursday, Mr. Dimon was handed a piece of humble pie as
the bank revealed a $2 billion trading loss on bad bets by one of its units.
"I am not sure how many times I can say this: It was
bad strategy, executed poorly," Mr. Dimon said of the losses the company
suffered in the past six weeks….
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