CNNW CNN Newsroom June 13, 2012
ironically, from the chase department in charge of mitigated risk. my colleague, christine romans watching this hearing from her post in new york. the department that's supposed to mitigate risks made these risky trades and now he is having to answer questions. it's obvious why congress wants to know why these stupid trades were made. >> yeah. he says, you know what? i'm not going to defend it, because it violates common sense. it shouldn't have happened. what was, maybe should have been a legitimate, bona fide macroeconomic hedge, morphed into something else, he says, and he did not...