What Jamie Dimon Doesn’t Know Is Plain Scary

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May 11 (Bloomberg) -- Could Jamie Dimon really be asclueless as he sounded on the phone yesterday?

Last month, after Bloomberg News broke the story thatJPMorgan Chase & Co.’s chief investment office had, in essence,become a ticking time bomb, Dimon, the bank’s chief executiveofficer, called the press coverage “a complete tempest in ateapot.” That explanation no longer works.