Washington Post

JPMorgan CEO apologizes on the Hill: ‘We have let a lot of people down’

JPMorgan Chase chief executive Jamie Dimon apologized for the bank’s $2 billion or more in trading losses as he faced a congressional lashing Wednesday morning, but he also defended the bank against accusations that it is wildly irresponsible.

You know what the old say is “ you can apologize in one hand and s–t in the other and all you have is s–t.

This “I am sorry” that Jamie passed off today as a half-baked apology was only lip service. In one sentence he cops a sorry plea and the other he claims his bank did not do anything wrong. Well who the hell did and where did all the loot go? I  am surprised that he didn’t evoke the 5th like his comrades do.

If he was really sorry; he would take some of that gold he has buried in his backyard and give it to the investors they raped.

There isn’t one of the CEO’s or big shots from these multi-billion dollar investment firms that missed one meal after their blunders. As a matter of fact; there are quite a few of them that are richly rewarded for their mistakes with big fat bonuses’ while they make their exits out the back window.

The people at the bottom of the food chain are always the big losers.  Whats new?