Jamie Dimon Email D...
 
Notifications
Clear all

Jamie Dimon Email Directly Ties JPMorgan CEO To $6.2 Billion Fraud

1 Posts
1 Users
0 Reactions
1,180 Views
James Hawthorne
(@james-hawthorne)
Posts: 564
Noble Member
Topic starter
 

Greek decent or not Jamie Dimon needs to swing.

Jamie Dimon’s email response was direct and to the point. “I approve,” he wrote to an oversight body within his enormous bank, JPMorgan Chase, thereby giving his blessing to an increase in the amount of risk the institution could shoulder. He also approved a change in the way a key trading unit was assessing threats of trouble in its then-burgeoning portfolio.

That email -- released late Thursday as part of a 300-page Senate report probing how and why Dimon’s bank managed to lose $6.2 billion on derivatives trading -- now appears to tie the chief executive directly to the disastrous decision-making at issue.

http://www.huffingtonpost.com/mobileweb/2013/03/15/jamie-dimon-email-jpmorgan-ceo-ties-loss_n_2883012.html

Dimon was born in New York City to Theodore and Themis Dimon, one of three sons. He is of Greek descent


Aryan Matters

VNN Media

 
Posted : 15/03/2013 12:13 pm
Share: