Republican Senator Jim DeMint
If I could vote, this guy would get mine… Comment from Republican senator Jim DeMint during the questioning of JP Morgan CEO Jamie Dimon over their $2B CIO loss.
“We can hardly sit in judgment of your losing $2 billion. We lose twice that every day here in Washington. And plan to continue to do that every day. It’s comforting to know that even with a $2 billion loss in a trade last year, your company still, I think had a $19 billion profit. During that same period, we lost over $1 trillion. So if we had a clawback provision, none of us would be getting paid here.”