JPMorgan Chase CEO: I Have No Idea Whether We Broke The Law

NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading groups.

In an interview with NBC's "Meet the Press," Dimon says regulators should look at the matter.

"We are totally open to regulators, and they will come to their own conclusions," he says. The full interview airs Sunday. Excerpts were released Friday by NBC.

Dimon says the bank was "sloppy" and "stupid" in its handling of the trades.

Comments

[Christopher Hull]

09:41 PM on 05/14/2012

Doesn't know and doesn't care. If they did break the law he will simply get the law rewritten. OR do what banks normally do and offer the regulators fat juicy contracts when they leave the govt. NOTHING TO SEE HERE FOLKS!

[dragonladywaltham]

11:22 PM on 05/13/2012

You get paid the big bucks to KNOW the law and make sure your employees follow it! You are incompetent and s/b fired!!!!

[seeksthetruth]

05:31 PM on 05/13/2012

No worries. It isn't going to impact Dimon's bonus.

[wigcon]

04:16 PM on 05/13/2012

How did these people get put in charge of U.S. finances? Someone with simple common sense could do as well. These "bankers" have hoodwinked the common man and woman that they could run things better and they took over and run it all into the ground. They should all be in jail. Maybe Jaime doesn't know if they broke the law or not but it seems pretty clear to me that they did and the sooner they are all put in jail and their power removed the better it will be for all of us and the country as a whole.

[Captain Hindsight]

02:28 PM on 05/13/2012

"I Have No Idea Whether We Broke The Law"

We pay our lobbyists a lot of money to make sure the laws are on our side. I hope they didn't make any mistakes when they wrote the bills for our pocket politicians to pass!

[Bert Curcio]

12:56 PM on 05/13/2012

Well, get ready for another Wall Street bailout.

[yahooserious]

10:42 PM on 05/12/2012

Let's just ask if he has a sign "The Buck Stops Here" on his desk. I'll bet not.

[genrel1248]

07:56 PM on 05/12/2012

And furthermore, I dont care MUAHAHA!

[Carl Caroli]

06:16 PM on 05/12/2012

Good to know the CEO don't know. I see a bad case of selective amnesia coming on when they start asking questions. What a dirt bag.

[rdk70816]

05:25 PM on 05/12/2012

If he did not know, then he broke the law.

[Cleverboots]

03:48 PM on 05/12/2012

How many millions did the shareholders pay this genius?

[Paula Sacramony]

03:40 PM on 05/12/2012

why isn't this guy in jail !!

[BonnieDoon]

03:03 PM on 05/12/2012

Dimon, "I have no idea whether we broke the law."

Translation: Run it up the flagpole — it's unlikely we'll be challenged and even if we are, it'll be a pittance to "settle”.


Just the cost of doing business...

[Cleverboots]

03:50 PM on 05/12/2012

Based on past history with the banks, I'm afraid you're right. Can't we please have Bernie Sanders for President? F&F

[BonnieDoon]

01:06 AM on 05/13/2012

100% correct about Bernie.

[a1623yankee]

02:49 PM on 05/12/2012

Are you listening and watching Jamie Dimon? There is an old adage of sailors and seafarers that is actually a basis for ancient to contemporary maritime law that should hold for CEOs as well:

"When you make a successful crossing, congratulate the crew. When the ship hits the rocks and sinks, blame the captain."

Is it your watch Jamie? Do your shareholders pay you MILLIONS to operate THEIR ship properly? Blame the captain!

Pathetic coward.

[Bert Curcio]

12:55 PM on 05/13/2012

Also applies to the Executive Branch of the American government.

[a1623yankee]

01:53 PM on 05/13/2012

Jeez Bert - Let's not forget the money handlers our Congress or the legal eagles our SCOTUS. There's more malfeasant criminality going on there than in the Executive. With the CORPORATE/gop organized crime syndicate all but dictating to both, it's hard to miss.

[whataruckus2]

01:33 PM on 05/12/2012

A daily KOS writer has coined the term "Romnesia". I think I'll go with that. He's suffering from Romnesia. Very debilitating disease. Scott Walker has it too. A regular pandemic among other Republicans is on the verge of breaking out.