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Mr. Dimon Goes to Washington: Top Quotes of the Week

Mr. Jamie Dimon is invited to speak before a few US senators, a man has a plan about saving AIG the next time the banks fail, and Greece inspires some Shakespeare in the Euro zone. If that weren't enough, we also hear from The Boss in this week's Advanced Trading Top Quotes of the Week.
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4. Fool Me Once…

"They really made two stupid decisions," said Lynn Turner, a consultant and former chief accountant of the Securities and Exchange Commission. The first was taking risks with derivatives that they did not understand, Turner said. "The second is selling assets with high income that they can't replace."

— JPMorgan Dips Into Cookie Jar to Offset "London Whale" Losses

Source: Reuters/Advanced Trading

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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