richardhutnik on 13 June 2012
Meet the folks who run the financial system these days (yes, the answer is less regulation of course):
http://money.cnn.com/2012/06/12/investing/jpmorgan-jamie-dimon-testimony/index.htm?iid=Popular
Dimon: JPMorgan traders didn't understand risks
NEW YORK (CNNMoney) -- JPMorgan Chase CEO Jamie Dimon told Congress Wednesday that the bank's massive loss can be blamed on insufficient risk controls and a failure by traders to understand the bets they were placing.
