{"id":5589,"date":"2013-03-14T22:36:20","date_gmt":"2013-03-14T21:36:20","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=5589"},"modified":"2013-03-15T09:03:19","modified_gmt":"2013-03-15T08:03:19","slug":"jp-morgan-not-too-big-to-cheat","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/jp-morgan-not-too-big-to-cheat\/","title":{"rendered":"JP Morgan Not Too Big to Cheat"},"content":{"rendered":"<p>Jamie Dimon dismissed accounts of trading losses in &#8220;The Whale&#8221;\u00a0 as a \u201ctempest in a teapot.\u201d<br \/>\n\u201cNone of those statements made on April 13 to the public, to investors, to analysts were true,\u201d Carl Levin, chair of the US Senate Committee on Investigations,\u00a0 said. \u201cThe bank also neglected to disclose on that day that the portfolio had massive positions that were hard to exit, that they were violating in massive numbers key risk limits.\u201d<br \/>\nBraunstein, who stepped down in January as CFO and is still at the bank, will join Drew before the panel tomorrow. Ashley Bacon, JPMorgan\u2019s acting chief risk officer, and Michael Cavanagh, who led the internal review of the losses and is now co-CEO for the corporate and investment bank, also are scheduled to testify.\u00a0 <a href=\"http:\/\/www.bloomberg.com\/news\/2013-03-14\/jpmorgan-misled-investors-dodged-regulators-senate-report-says.html\" target=\"_blank\">Article<\/a><\/p>\n<p><a href=\"http:\/\/www.w-t-w.org\/en\/jp-morgan-not-too-big-to-cheat\/liar\/\" target=\"_blank\" rel=\"attachment wp-att-5604\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-5604\" alt=\"liar\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/03\/liar.jpg\" width=\"468\" height=\"350\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/03\/liar.jpg 468w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/03\/liar-300x224.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/03\/liar-401x300.jpg 401w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamie Dimon dismissed accounts of trading losses in &#8220;The Whale&#8221;\u00a0 as a \u201ctempest in a teapot.\u201d \u201cNone of those statements made on April 13 to the public, to investors, to analysts were true,\u201d Carl Levin, chair of the US Senate &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/jp-morgan-not-too-big-to-cheat\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-5589","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - 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