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This article is on fire. I got a particularly good laugh out of this bit: >> Dimon is a mediocrity who essentially got lucky his bank was too slow to get in on
by anonu 7y ago
This article is on fire. I got a particularly good laugh out of this bit:
>> Dimon is a mediocrity who essentially got lucky his bank was too slow to get in on the subprime scam in 2006; he then used his bank’s incompetence at getting into the bubble as justification for how prudent he was.
I have never heard this theory floated. But to say JPM failed because it didn't fail like all the other banks is the most contorted sort of logic you can find anywhere...