Chase CEO says 'stupid things were done by American banks,' as bankers lose Davos clout

The Raw Story | Chase CEO says 'stupid things were done by American banks,' as bankers lose Davos clout:
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“God knows, some really stupid things were done by American banks,” Dimon said Thursday.

But the 52-year-old banker, who oversaw his company's acquisition of failing U.S. banks Washington Mutual and Bear Sterns last year, also wondered where Washington's policy makers were while U.S. banks were laying groundwork for the ongoing meltdown.

'Where were they? They approved all these banks,” Dimon said." ...