JPMorgan CEO: We were 'dead wrong' on trading concerns

The CEO of JPMorgan Chase said the bank reacted badly to warning flags last month that it had large trading losses in complex financial derivatives and he was "dead wrong" when he initially dismissed the concerns.

Source: http://pheedo.msnbc.msn.com/click.phdo?i=57baca875a143c6434ff47ae3f83c929

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