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Dimon Calls Volcker Rule 'Unnecessary'

Reported by ABCNews.com on Wednesday, 13 June 2012 (on June 13, 2012)
ABCNews.com
JPMorgan Chase CEO Jamie Dimon told the Senate Banking Committee he was "dead wrong" when he dismissed a trading loss from the London office as a "tempest in a teapot" before he learned the bank made a $2 billion bad bet.

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