CNNW Erin Burnett OutFront May 10, 2012
outfront 1, breaking news. america's biggest bank hosting an emergency call as its stock falls. why? jpmorgan is facing significant losses and says it took more risks than it should have. the losses to this point, the company says, to the tune of $3 billion. here's some of the things the ceo jamie diamond just said moments ago on the call. he said the trades were, quote, flawed, complex, poorly reviewed, poorly executed and poorly monitored. these were egregious mistakes and self-inflicted. just because we were stupid doesn't mean anyone else was. there were many errors, sloppiness a...
Source: archive.org