Questions for Jamie Diamond that not one elected official thought to ask:

10 Crucial Questions for Jamie Diamond that not one single elected official thought to ask:

Question: You say you are not too big to fail.  Yet you were too big to fail in 2008.  What's changed?

Question: You say the recent multi billion dollar trading loss was a Hedge.  A Hedge by definition defrays risk.  The trading loss was off a huge position in an illiquid market: thus inherently extremely risky.  How does an extremely risky position defray risk?


Question: Do you have any idea what RISK means?  How can Risk and Hedging of Risk be exactly the same thing?

Question:  If you, the CEO of JP Morgan Bank has no idea what Risk means, how can you manage a vast multi billion dollar trading operation?

Question: Why should a vast, enormously risky multi billion dollar trading operation be subsidized by the US Taxpayer?

Question: How is your Counterparty Risk quantified?

Question:  How is your Counterparty Risk made transparent for your shareholders?  How is your Counterparty Risk made transparent to the US Taxpayer who subsidizes your Counterparty Risk?

Question: If you don't even know what Risk means, how can you understand your own Counterparty Risk?

Question: If you have no understandingof Risk or Counterparty Risk why should you, a Federally Subsidized Bank, be allowed to trade at all in the risk markets?

Question: Even if you understood risk, which you obviously don't: Still, even if you did, why should you, a federally subsidized bank, be allowed to gamble in the risk markets?