The line of questioning switches to Mr. McCain, who spends time asking how the chief investment office's assets ended up growing, not shrinking as JPMorgan had indicated to the comptroller's office.
Ms. Drew says that the plan signed off on by senior management was to reduce risk-weighted assets over all of 2012. "But things went terribly wrong," she says. "The very large purchases that were made in March were not brought to my attention in time."
The senator asks whether it was her responsibility to accurately report the bank's plans to the comptroller.
"It was always my responsibility to be transparent," Ms. Drew replies, "But it was not my responsibility to report to the O.C.C."
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