Chris Whalen Torches JPM: "Ina Drew Is A Scapegoat, Jamie Dimon Instructed London Office To Dump Hedging'
Chris Whalen with Lauren Lyster.
Flashback in honor of this morning's JPM Senate hearings.
The Jamie Dimon remarks are in the first 90 seconds. Whalen has been hammerring this point since the story broke a few months ago. Evidence, both anecdotal and concrete, clearly demonstrates that the decision to shift the activites of the London office from hedging to prop trading was made by Jamie Dimon. Not Achilles Greekopoulos. Not Ina Drew. Not Mary F-ing Poppins.
It was Dimon's call. Clawback his ass along with the others.