Daniel Wagner, Associated Press
Submitted by: Jon Gilbert
JP Morgan’s $2 Billion Loss Renews Calls for Bank Reform
[AP] JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.
[AP] But Dimon's contention that the $2 billion loss came from a hedging strategy that backfired, not an opportunistic bet with the bank's own money, faced doubt on Friday, if not outright ridicule.
Do you beleive that Jamie Dimon has good intentions?