WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Wednesday, October 23, 2013

Warren Buffett continues to praise JPMorgan's CEO

October 22
The Associated Press

OMAHA, Neb. — Investor Warren Buffett continues to praise JPMorgan Chase & Co.'s leader even after the bank reportedly agreed to a $13 billion settlement with the government over its sales of mortgage-backed securities.

Buffett said on Bloomberg television Tuesday that he continues to support JPMorgan Chase's Chairman and CEO Jamie Dimon.

Buffett says Dimon "had a gun to his head" and had to agree to pay what the government asked to address concerns about the quality of mortgage-backed securities it sold in the run-up to the 2008 financial crisis.

Read more here: http://www.kansascity.com/2013/10/22/4568950/warren-buffett-continues-to-praise.html#storylink=cpy