Dad I Lost 2 Billion, Can I Have My Allowance

Picture yourself asking your Dad for your allowance after you wrecked the car. Or better yet asking Dad for the money he owes you after you burn the house down.

In ways that I do not understand Jamie Dimon admitted that thru errors, mistakes, bad oversight and perhaps worse judgement J P Morgan took a 2 billion dollar loss on a trade recently.

Dimon said he accepted responsibility for the mistake happening. I believe the company's Chief Financial Officer has since tendered his resignation.

Jamie Dimon, what has he done to accept responsibility and provide accountability, he certainly did not tender or offer his resignation. No instead yesterday the J P Morgan board voted to grant the pay package Dimon had previously negotiated amounting to at least 23 million for this year.

Now that is accountability we all can be proud to emulate.

Seriously what is wrong with these people? As John Lennon sang years ago " How Do You Sleep "