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They say a captain is only as good as his team. Yet somehow when things go wrong, it is the captain that is the one that is pilloried for the disaster? What happens to the rest of the team? I'm talking about the recent trading debacle at JP Morgan and the focus it has put on Jamie Dimon.
JP Morgan didn't lose $2 billion because of hubris, regulation, or market forces. It lost $2 billion because Ted Kennedy died.