ONLY ACADEMICS AND POLITICIANS

One more worthwhile Jamie quote, from his speech in Washington yesterday. On the London Whale business:

We made a stupid error. Businesses make mistakes, they learn from it and get better. Only when I come to Washington do people act like making a mistake should never happen. Only with academics and politicians is it not allowed. [Emph. added.]

Yes. Remember, Chuck Schumer is never wrong. . . .