"The workers did it" is becoming the new "I can't recall." Former JPMorgan (JPM -2%) CIO Ina...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

"The workers did it" is becoming the new "I can't recall." Former JPMorgan (JPM -2%) CIO Ina Drew blames traders and managers who reported to her for bets that led to $6B in losses, telling senators that her team changed projected losses and hid information from her. Drew defends her oversight as "reasonable and diligent" and says she shouldn't be held personally responsible for the losses.