You just know the losses are understated. Bankers can't tell the truth with a gun to their heads. That's why the original losses from Dimon's own mouth were given at 2 billion.
Let me shed a tear for these banker pricks. http://money.cnn.com/2012/05/18/markets/jpmorgan-loss/index.htm?iid=Lead
Last week, I read a story about Jamie Dimon getting his annual 20 million dollar pay and bonus package from the board- this while losing billions.
This is what I think the board should do. Fire Dimon. Hire me. I can lose far more money that Dimon can and I will do it for half the salary. I'm a bargain.