Wednesday, May 23, 2012

"...We're Still Going To Earn A Lot Of Money This Quarter" Oh well, that Makes This All Okay Then! Phew, That was a close one!

Meet the Press-  "This is not a risk which is life-threatening to JPMorgan. This is a stupid thing ... that we should never have done, but we’re still going to earn a lot of money this quarter. So it isn’t like the company’s jeopardized. We hurt ourselves and our credibility, yes. And that—we’ve got to fully expect and pay the price for that."    Jamie Dimon  CEO, JPMorgan Chase  May 13, 2012 — MTP QuotablesMeet the Press- "This is not a risk which is life-threatening to JPMorgan. This is a stupid thing ... that we should never have done, but we’re still going to earn a lot of money this quarter. So it isn’t like the company’s jeopardized. We hurt ourselves and our credibility, yes. And that—we’ve got to fully expect and pay the price for that." Jamie Dimon CEO, JPMorgan Chase May 13, 2012 — MTP Quotables

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