JPMorgan Chase chief slams Wall Street for blaming credit crunch on acocunting rules
Accountancy Age, 09 Jul 2008
JPMorgan Chase & Co's chief executive has slammed Wall Street bosses for blaming the credit crunch on accounting rules.
Jamie Dimon said in an interview with Charlie Rose with US broadcaster PBS: 'It was not an accounting issue, okay? The people who made the mistakes are to blame.'
He added that regulatory systems covering the banking world needed tightening.
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