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« VOMIT TV - Jim Cramer Defends Jamie Dimon And JPM | Main | Jamie Dimon Speaks: "Not Proud Of This Moment" »

Janet Tavakoli: "The Fed Should Replace Jamie Dimon"

Nice quote from Janet in this piece from MSNBC:

“We are not proud of this moment, but we are proud of this company,” Dimon said on the conference call, calling the big losses from the trade “an isolated event” that had “rocked the company to the core” and from which JPMorgan has “learned a lot.”

Still, Dimon also defended the bank, reminding analysts that it has continued to grow in the financial crisis.

“We’ll never say we’ll never make a mistake […] we operate in a risk business,” he said.

Janet Tavakoli said Dimon has demonstrated incompetence in his role as CEO and should be removed:

I am making an enemy here when I say something like this, but the Fed should replace Jaime Dimon.  They should replace him for utter failure of corporate governance and telling the truth too slowly.”

What about Simon Johnson's efforts to have Jamie Dimon removed from the Board of the New York Fed?

Next story up...



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Reader Comments (3)

What about Geithner? He should be replaced!

Geithner's Choice: Seven And A Half Things To Know
Jul 13, 2012 at 1:56 PM | Unregistered CommenterLiberatedCitizen
"What about Geithner? He should be replaced!"

The Federal Reserve needs to have a complete audit then the Federal Reserve Act needs to be repealed under section 31 and the organizations officers past and present investigated for crimes against the American People. As for Geithner, put him in jail for conspiracy and fraud and throw away the key and do the same with Dimon.
Jul 13, 2012 at 4:20 PM | Unregistered CommenterSagebrush
Third World America 2012: A Country At War With Itself


This is janet's most recent story on huffpo...it's pretty interesting.
Jul 13, 2012 at 6:20 PM | Registered CommenterDailyBail

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