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.
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