To the Point
Fallout after JP Morgan's $2 Billion Loss
One of Wall Street's most powerful women, Ina Drew, resigned as chief investment officer at JP Morgan Chase today, taking responsibility for the firm's $2 billion loss. Yesterday, CEO Jamie Dimon told Meet the Press , "We think Dodd Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
By Alex Chadwick • • 1 min readOne of Wall Street's most powerful women, Ina Drew, resigned as chief investment officer at JP Morgan Chase today, taking responsibility for the firm's $2 billion loss. Yesterday, CEO Jamie Dimon told Meet the Press, "We think Dodd Frank, which we supported parts of, gave the FDIC the authority to take down a big bank. And when it happens,…the board should be fired, the equity should be wiped out, the bank should be dismantled and the name should be buried in disgrace….This is a very unfortunate and inopportune time to have had this." Reporter Ezra Klein writes the Wonkblog at the Washington Post.
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The full episode
3 of 3Geoengineering and the Fight against Climate Change- 0:00As Greek Talks Falter, Eurozone Future Uncertain
- 7:36Franken-clouds on the Horizon?
- 39:12Fallout after JP Morgan's $2 Billion LossYou’re reading this