Jamie Dimon calls the London Whale fiasco "the stupidest and most embarrassing situation I have...

|By:, SA News Editor

Jamie Dimon calls the London Whale fiasco "the stupidest and most embarrassing situation I have ever been a part of," in his annual letter to shareholders, a far cry from calling the incident "a tempest in a teapot." It's all about damage control as Dimon seeks to avoid losing his chairmanship ahead of next month's shareholder meeting.