Adventures In Honesty, JPMorgan Edition
by evanmcmurry
JPMorgan’s Q1 “restatement”: “Our previously filed financial statements for the 2012 first quarter should no longer be relied upon.”
Jamie Dimon, on conference call a few minutes later: “We made a mistake. We completely disclosed the mistake.”
See? They disclosed the mistake in the statement that should no longer be relied upon. “We admitted what we did in the lie that we told.” What’s everybody’s problem?
By the by, shares of JP Morgan closed up 6% in response.
(via FT Alphaville)
September 18, 2013
Live Tweeting the Sewers
by evanmcmurry
Best comments section of the day: the reviews for Nicolas Cage pillow covers:
Worst comments section of the day: the responses to the Taliban’s tweet announcing the assassination of an Afghan election official: