by: Richard Christopher Whalen
July 17, 2012
Chris Whelan and Janet Tavakoli have detailed the world destroying risks that JP Morgan and their psychopathic CEO Jamie Dimon have taken and continue to take. This $5.8 billion derivatives loss is the tip of the iceberg. Dimon will destroy the world, if given the chance.
Is Jamie Dimon Really Master of the Universe?
“Questions swirl around the character and timing of Dimon’s disclosures to shareholders. Given the widespread speculation about JPMorgan’s potential losses, which proved to be accurate, it raises the question of why people outside of JPMorgan were more aware of JPMorgan’s risk and potential losses than Jamie Dimon claims to have been. His public estimates of losses have been a fraction of reality, and it raises the issue of whether he has materially misled stockholders.”
“JPMorgan Raises Fraud Questions: Rising Trading Losses Top $5.8 Billion”
July 16, 2012
Coming out of the JPMorgan analyst meeting, two thoughts were top of mind. First and foremost, the surreal, “we’re in command” perspective that still governed at JPM despite the teapot tempest. Second, the face of Ken Langone, sitting in the front of the room as CEO Jamie Dimon and his traveling circus buried us in “facts” about JPM’s massive breakdown in internal systems and controls.