“We have let a lot of people down, and we are sorry for it,” Dimon says in remarks prepared for the Senate Banking Committee. “We will not make light of these losses, but they should be put into perspective. We will lose some of our shareholders’ money – and for that, we feel terrible – but no client, customer or taxpayer money was impacted by this incident.”
JPMorgan CEO Jamie Dimon is sorry his bank lost $2 billion last month, but not sorry enough to accept any personal responsibility for it. We’ve seen this song and dance before—basically every time someone loses a ton of money.