When it comes to his bank rivals, however, they still have a lot to atone for.
The New York Post reports that fresh from taking his lashes over the London Whale trading debacle, the JPMorgan Chase chieftain yesterday was arguing for Old Testament-style justice for his misbehaving peers while striking humorous notes about his own bank’s flubs.
'I want to call it ‘bankruptcy for big dumb banks.’ There should be some form of Old Testament justice including clawback (compensation)', said Dimon in front of the Greater Miami Chamber of Commerce.
At times, Dimon, wearing a blue blazer without a tie, seemed like he was delivering a stand-up comedy routine rather than commenting on the state of the economy.
Hit the link below to access the complete New York Post article:
JPMorgan chief Dimon gets religion
Lazard downgrades New York Times
Jobs hit a Wall: Regulations push high-paying banker openings overseas
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
