RegulationCorporate GovernanceWall Street wrong to blame credit crisis on accounting

Wall Street wrong to blame credit crisis on accounting

JPMorgan Chase chief slams Wall Street for blaming credit crunch on acocunting rules

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.

Further reading:

Visit
Charlie Rose’s website

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