 Asked on April 13 whether JP Morgan's trading operation posed significant risk to the bank CEO Jamie Dimon called the risk "a tempest in a teapot". The chief financial officer said "we are very comfortable with the positions we have."A month later, the bank announced a trading loss of $2.3 billion over 15 days, or $150M per day, and a potential loss of $4 billion. CEO Jamie Dimon now said the strategy was "badly executed, badly monitored." The person who executed and monitored the strategy was Ina Drew, Chief Investment Officer. She was paid $15.5 million last year. Amount she'll return to the bank as a result of her failed strategy - $0 Amount of JP Morgan deposits insured by FDIC and subject to taxpayer bailout if the bank failed - over $1 trillion.
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