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Dimon Wraps Senate Grilling

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  • Description

    FBN's Peter Barnes breaks down J.P. Morgan CEO Jamie Dimon's testimony highlights.

  • Duration 1:42
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Sorry but let's let's talk more -- had this story of the day and that is that JPMorgan CEO Jamie Dimon wrapping up his testimony on Capitol Hill is about.

Two hours where he maintained the two billion dollar plus trading loss was an isolated event.

And that the hedge morphed into something he cannot defend let's go now to Peter Barnes he's on Capitol Hill with more to -- -- Peter.

-- that's right -- in the main thing that Jamie Dimon came here to Capitol Hill to do during this at times testy hearing.

Was to offer up an apology his first public apology he said quote we have -- a lot of people down.

And we are sorry for -- he said we do believe this to be an isolated event.

Said the bank has taken what he called important actions to make sure that to limit the chances that it could.

I happen again -- said that that there were some lessons learned here take a listen.

I think that no matter.

-- could you are how -- how competent people are never ever get complacent in risk.

Challenge everything make sure people risk committees are always asking questions that sharing information.

And that you have very very -- your limits will be taking risk.

But he but he did say the senators quote we can never say we won't make mistakes in fact I know we will -- Alright Peter thanks for summing up this morning's testimony you aren't.

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