Wednesday, June 13, 2012

If only it were this easy at home

Jamie Dimon, CEO of JP Morgan, is set to go before congress today and say "I'm sorry" for his firm's loss of over $2 billion last month due to trading mistakes. Ironically the loss was in the unit which is designed to prevent such losses from occurring. If that is all I had to do at home when I lost some money, go to my wife and say "I'm sorry" that would be really nice. I am sure the shareholders of JP Morgan want a little more than a mea culpa.

No comments: