JPMorgan Said to Weigh Releasing Whale Report Faulting Dimon


JPMorgan Said to Weigh Releasing Whale Report Faulting Dimon

JPMorgan Said to Weigh Releasing Whale Report Faulting Dimon

Think the announcement made earlier this week of Dimon leaving the NY Fed… is a coincidence? They always knew this was coming and this is a load of crap!

He also blamed the employees.


JPMorgan Chase & Co. (JPM)’s board will consider releasing an internal report next week that faults Chief Executive Officer Jamie Dimon’s oversight of a division that lost more than $6.2 billion on botched trades, according to two people with direct knowledge of the matter.

The final report, which builds on a preliminary analysis released in July, is critical of Dimon, 56, former Chief Financial Officer Doug Braunstein, 51, former Chief Investment Officer Ina Drew and others for inadequately supervising traders in a U.K. unit that built up a large and illiquid position in credit derivatives last year, these people said.


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4 Responses to “JPMorgan Said to Weigh Releasing Whale Report Faulting Dimon”

  1. Wonder if he is sued for enough to put his house into default, what comes around goes around? Perhaps he will have to mortgage the home to pay for the litigation and sanctions? Is this evil doer going to get what he deserves and it is not a yacht.

  2. Sarah says:

    Image makeover. Looks like Dimon is going to get written up by HR. Sociopathic corporations need plenty of TV time, and a less tarnished mobster at the helm. Incidentally, Obama and Dimon are pals, photo ops while people lose their jobs and homes, and most recently, plotting how to ram the fiscal cliff down our throats. Stellar leadership.

  3. keepon says:

    This Globalization crock that Corporate America has sold us is little more than their Great Escape: avoid US law & oversight, set up in Bangalore/Colombia/Singapore,’diddle merrily all day long,’ then return to ‘clear-cut’ the US. “(Corporate Bankers) Weapons of mass destruction.”

    Model after the 3rd world where the ‘Under-cast’ owns NOthing and lives in the Company Store! (Can’t wait ’til Obama gets all our medical records captured and released on the Mumbai Express. Or has that already happened? Silly me.)

    21st Century warfare: all is accomplished without firing a shot. We just need a few more Jamie Dimons and Lloyd Blankfeins to suck out the life-blood, export the Nation and off-shore it with the jobs and the bank accounts. The Grand “Slicing & Dicing” of

    Anybody @ DOJ, Congress, Homeland Security paying attention yet? We’re only a Nation of Laws if we apply them.

    Blog on Colonials!

  4. Pamela Edwards says:

    Well it would seem that Mr. Dimon is having some trouble with his reputation right now.Is this the same man that kicked millions of people out of thier homes?Wonder if his house and family will face fraudclosure or will he be exempt?Don’t think this report will open any eyes anytime soon.


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