The investment bank's $2 Billion "Bad Bet" has blossomed to a staggering $5 Billion as it unwinds, and industry observers predict it could continue to grow. In a dramatic quarterly earning report, JP Morgan CEO Jamie Dimon got a grilling from financial reporters compared to his appearance before Congress last month. Here are some of the most dramatic quotes from this morning's conference call.
July 13, 2012
4. Us? Too Big to Fail?
Reporter: "What has to happen to you and the board to finally say we are a great institution and we own a lot of great businesses but are too big to manage?"
Jamie Dimon: "I beg to differ ... There is huge strength in this company."
Source: Wall Street Journal
