mr. milner for five minutes. >> thank you, mr. chairman. mr. dimon, you were very dismissive last week with the senate about a bloomberg article i think you told the senate committee not to believe everything they read that said the cio had really changed from being a fairly sleepy cautious risk mitigation unit and had become much more aggressive, much more risk tolerant and profitable. it was your intention that it become a profit center and in fact, more than a quarter of the profits from 2010 came from cio's trading. but there was a question that senator johnson asked you from that -- from that article about -- that there has been a limit that traders had to liquiduate. had to get out of any position they lost $20 million and you were very puzzled by that and said you knew nothing about it. have you inquired since then if there was such a limit and if it was changed. >> no. >> you have not asked within your organization? >> i think we referred to something back in 2007 or 2008, so i did not ask, no. >> you did say last week that the failure

mr. milner for five minutes. >> thank you, mr. chairman. mr. dimon, you were very dismissive last week with the senate about a bloomberg article i think you told the senate committee not to believe everything they read that said the cio had really changed from being a fairly sleepy cautious risk mitigation unit and had become much more aggressive, much more risk tolerant and profitable. it was your intention that it become a profit center and in fact, more than a quarter of the profits from 2010 came from cio's trading. but there was a question that senator johnson asked you from that -- from that article about -- that there has been a limit that traders had to liquiduate. had to get out of any position they lost $20 million and you were very puzzled by that and said you knew nothing about it. have you inquired since then if there was such a limit and if it was changed. >> no. >> you have not asked within your organization? >> i think we referred to something back in 2007 or 2008, so i did not ask, no. >> you did say last week that the failure