In an exclusive interview, JPMorgan Chase Chairman and CEO Jamie Dimon tells CNN's Poppy Harlow why the recent banking crisis isn't the same as the 2008 banking crisis, and why he's still optimistic about the US economy in the long term. Read more here. #CNN #News
Um, so now Jamie is the go to, the banking guru? If so, why did we, the tax payers have to give him and Morgan Chase millions upon millions of dollars to bail his sorry azz out because of the greed and bad decisions he made?
Such as?
@Mario Mario You have forgotten about the huge bank collapse and bail out in 2007 -2009? Those hideous mortgage backed securities that totally fell apart? Loans given to people with no income, not credit checks? Mortgage packages bundled, and re-bundled and sold as investments. Mario, Mario, are you 12?
@Pamela Wing yes what does that have to do with him??
The man knows quite a bit, but one should read about his corrupt moves in 08-09. Also, he very likely participated in the Libor scandal, among others, for which he should be jailed. If Geithner knew, then he definitely knew and facilitated it. I just wish he would use his knowledge by joining the forces of light and quitting the Darth Vader crew.
His ego tells him he is a legend. He is “to big to fail”. Not a care in the world.
This dude is shady as hell!! Whatever he says you need to be careful because he talk a lot of BS.
You can hear him begging, please don’t regulate us
Yeah that’s the impression I got also.
Then the banks should not lose all of our money….
good news
When she asked about what he means when he feels he’s like a democrat and republican it shows he’s a fence sitter. CEO’s always get paid outrageous salaries, so it’s not a shock he doesn’t want to say anything about defendant trump. The rich always stick together and he doesn’t have a spine to throw trump under the bus
He lost me when he said that trumps tax cuts for billionaires was good for the economy when it created the biggest deficients in the history of the USA. Yea, I’m sure those tax cuts were great for Jamie and his fellow ceo friends.
If the Bankster says it, its probably so… 🤷🏻♂️
The toughest mind is driven by its heart, in return the heart cling to the mind the two become yoked. In that moment, that second, 1+1 became three. That is when notice comes in and discuss with self. How only a few has been in this moment. You have studied them rise, fall, and rise again. Stay calm breathe, allow frustration to blow pass. When the dust settles that is when you will see some more of the footprints from the few whose done it. Remember you studied them, now you are in their shoes, the same pair the few wore. Now you can see what they made look easy on the outside, is more complex than talk, they see you fighting, stay focused if it wasn’t meant to be, they would’ve been crushed the process. But you have made an impact alone by studying the few who has done it. Keep going they see how adamant and determined you are, just as the few who has done it. They two were alone in the lions den. How are you walking out of the den or you going to be the lions lunch.
Di’mon when he comes out the rough he deserves you mentoring in private. Just as you he got something to prove. Together with another one who’s done it. Will change the dynamics of the entire system and reality. You kept it 💯. 👌🏾👌🏾👌🏾.
200 banks of the country do not issue money. The first phase of the collapse of the US banking system is now being observed. The shares of companies are supported at an elevated rate, if people find out the real value of the shares, it will be the end.
Get any $ you have in the market out. It is about to be gone.
All you need to know is this guy was against regulatory oversight back in 2007 when people were only starting to figure out how effed we all were.
We have a plethora of bacon regulations that the regulators failed to enforce with regard to the bank.
My Heart Is Democratic My Brain Is Republican My Soul Is Independent Capitalist 😂
Well said.
I think he’s a pretty damned sharp guy. And I think he absolutely understands banking and capital markets better than I do. Over-regulation doesn’t make things better. It is all about the right mix. And that’s basically what he’s saying.
The trouble is that you have not put a limit on regulation. If you say it should not be possible for SVB to go under then the current regulations are not stringent enough. Same goes for sub prime crisis and that was 15+ years ago, although the underlying conditions go far further back than 2008 and structural problems are hardly addressed. You only know when regulations aren’t enough when it is a disaster and then who pays the price?
It is perfectly possible to believe that regulation is fine as it is and these failures are simply the price to pay for the market. Anyone with losses has caveat empor. As long as you are not one of them, fine.
The problem with finding the “right mix” of regulation is that you only can find out if it was insufficient, when a bank fails. If banks were capable of self-regulation, which would be in conflict with their motive for profit, they wouldn’t need any imposed regulation.
Sharp doesn’t imply ethical.
Yup. Guy seems pretty cool and thoughtful.
Always has been the brightest bulb on the tree!
We need to begin looking at the regulators. What were the banking regulators doing when this bank was being miss managed? We were told that the banking officials were inapt and had a little experience with banking. Why didn’t the banking regulators understand this and pay attention to how this bank was being operated? This is a serious failure of those who enforce banking regulations. We need to have an investigation on the failure of these regulators.
Cut the salary/ benefits in half. Hire twice the people.
Boss makes double the product, double the money.
And we doubled the work force!
Hats Off
Zellet Leadership
Oaths
Hon. Justice Ismail Cassim Mansoor aka Luke
Tea
Either the US Fed or the Economy will have to bow down.
We want to separate from big banks for good