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