There are many things that JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon does understand about banking -- in fact, I continue to believe he is one of the top banking CEOs out there. However, some fundamental -- and very dangerous -- dysfunctions remain common practice in the banking industry, and it doesn't seem like Dimon has understood this (which isn't all that surprising for a career banker who's had a marvelously successful career). Here are three problem areas I spotted in reviewing his congressional testimony on Wednesday.
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