05/20/2009
https://www.congress.gov...
"We identified serious risk management weaknesses throughout the entire Firm, and they became particularly evident in the CIO office."
"And that a $660 million error is material."
"We recommend that regulators finally issue the long-delayed final rule implementing Merkley-levin provisions of Dodd-Frank, which are known as the Volcker Rule."
"What we have seen during this investigation is the evidence that JPMorgan piled on risk, broke risk limits, hid losses, manipulated models, dodged oversight, misinformed the public."