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Friday, May 11, 2012

"Last Man Standing" found kneeling: The story of Jamie Dimon of JP Morgan

Stock Markets were rocked today by the loss announced by JP Morgan of "at least" TWO BILLION dollars. The head of JP Morgan, Jamie Dimon said he felt "comfortable" with the situation. As pundits will recall, Jamie is the hero of the book "The Last Man Standing"---it is available from Amazon here: http://www.amazon.com/Last-Man-Standing-Ascent-JPMorgan/dp/1416599533 The irony is of course that Mr. Dimon is one of the strongest advocates of non-regulation of the banking industry. Mr. Johnson, author of 7 Bankers, has called for his resignation today.

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