Dimon’s Error Was Trusting Government on Bear: Mayo

Dimon’s Error Was Trusting Government on Bear: Mayo Play

Oct. 21 (Bloomberg) -- Mike Mayo, an analyst at CLSA Ltd., talks about JPMorgan Chase & Co.'s tentative agreement to pay a record $13 billion to end civil claims over claims that the bank, Bear Stearns Cos. and Washington Mutual Inc. misleadingly packaged and sold mortgage-backed securities. David Herro, chief investment officer of Harris Associates LP, also speaks. They speak with Tom Keene, Sara Eisen and Scarlet Fu on Bloomberg Television's "Surveillance." (Source: Bloomberg)

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