JP Morgan's bank strategy has come under fire (AP Photo/Gregory Bull, File)
J.P. Morgan Chase made it through the financial crisis relatively unscathed. And its CEO, Jamie Dimon [dye-mon] was supposed to be untouchable.
But yesterday, the firm announced that it had taken a two-billion dollar loss on a massive trade that backfired.
Dimon called the bank’s strategy “poorly executed and poorly monitored.”
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I’m a bit worried about our economic state, I think everyone is wise to obtain platinum and other physical assets.