Dimon Burdened With WaMu

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Nov. 2 (Bloomberg) -- JPMorgan Chase & Co. chief executive officer Jamie Dimon is now saddled with $74.8 billion in nonperforming home loans inherited from the bank's September 2008 purchase of Washington Mutual Inc. The WaMu losses are just one of the afflictions besetting the man who, in the midst of the recession two years ago, was dubbed the world’s most powerful financial executive by the New York Times and labeled President Barack Obama’s “favorite banker.” Bloomberg's Dawn Kopecki reports. (Source: Bloomberg)

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