@@madctas85because they couldn’t get guarantees from the government or anyone else that they wouldn’t be stuck with it, and Fuld was an ass who nobody wanted to fall on the sword for…
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@@ChronicChess well go be honest it’s a bit of everyone’s fault, the everyday person getting a mortgage they couldn’t afford, some even multiple mortgages, banks fault for packing them into CDOs, and insurance firms mainly AIG for insuring amounts they Couldn’t afford
@@ChronicChess it was everyone's fault. Banks for their greed and not realizing that the housing boom will bust. AIG for insuring toxic assets, and low income earners for having mortgages they couldn't afford.
@@ChronicChess Agree with the others everybody drank the Kool Aid. NINJA lenders/borrowers, investment banks, Greenspan, Paulson, insurance, rating agencies, Treasury, Bush, Congress, and the Fed.
Good lord, this is a piece to make them look good??? Like they did not know of the lending practices in the 80's, the 90's, the 2000's, They knew well before they state they knew. They do a piece to try to make themselves look like heroes??? They slaughtered families....and only 1 fool did time. What do you do when the criminals are running the show??????
@jphilly819 nah. The bank refused to enter the RMBS securitization business because the risks were too high and profits were too thin unless banks took a lot of debt to scale it up.
@@harrisonl226 How did he cause it JPM works a lot differently compared to a investment firm like Goldman/leman ECT. JPM saw the risk and avoided the risk. In my opinion Jamie has done a fine job and make a good call not to get into the mortgage backed securities.
JPM doesn't lend you money until you don't need it anymore. That's why they did better than the rest. If you are in a bind, Chase will hang up on you and watch you fail.
If you took all the money in the world and gave each person an equal share, within a year some would be broke. Others wealthy. Personal accountability folks. Can’t afford a $1,000,000 home? Don’t buy it?
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.” ― Theodore Roosevelt
So your defense of a corrupt billionaire who is actually partly to blame for the 2008 bailout is “at least he tried?” 😂😂😂 the capitalist rightwing is really just a bunch of morons and idiots omg
The whole time. They knew exactly what was going on and they bet against it failing because they were making massive amounts of money. Hell Greenspan and Summers told Brooskely Born it was taken care of when she brought up default swaps in the early 00's. It failed, nobody paid any consequence except for Stern and Lehman brothers. Instead now we cheer them on when in reality they likely are over leveraging all over again.
Amazing that some people just accuse anyone of lying and have no proof or were anywhere near the action to even know. Put up some proof or accept the fact that you are lying.
I will never forget Jim Cramer pushing investors back then to stay with Lehman Brothers by saying. "Lehman is no Bear Stearns." He was right and Lehman was worse so every investor lost. I never thought much of him after that.
He was telling people to invest in FTX, SBV, Signature banks in the month up to their bankruptcies... rule of thumb, what ever Cramer advises, do the opposite
Say what you want about Dimon, but JP Morgan Chase is one of the strongest banks. He is an elite, but I think he doesn’t understand national problems like inequality. Compared to other CEOs, Dimon is pretty good.
He understands every bit of national problems like inequality. This is a man who walks on people. The only difference between Jamie Dimon & a shoe is that a shoe has a sole.
@@powerhouseinco9664 : There is very, very little, almost no 'inequality' in America. Look outside the western world and you will see what 'inequality' means.
Jamie Dimon is persuasive and well spoken. I also cannot help but admire the grit he must have shown as to become CEO of JP Morgan. However, this interview does not encourage one to view him as an honest straight forward man.
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $150k stocks portfolio. How should I reallocate stocks in my portfolio to mitigate against a crash?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Exactly, a good number of people discredit the effectiveness of financial advisors/experts, but over the past 6years, I’ve had one consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but my portfolio can stand the test of time
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
Jamie Dimon of JP Morgan took 20 Billion dollars of government baulout money just like all the other companies. He did tell the government in the meeting that JP Morgan didn't need the money but the government told him if he did take it and needed it later it was going to cost him 6 % more, so he took it.
It's odd how people still try to vilify JP Morgan or Barclay's, like it was their responsibility to save poorly ran banks. Dimon structured his bank to survive just about anything, Fuld didn't.
at 13:38 "Do you see any crises in the future? : No, everything is different now. We will not have a new crisis" 😮🤣 2023:March 13'th, 3 banks tipped ower allready i two days...
Goyotero1000 what about the dumbasses who took mortgages they couldn’t repay? I agree that a lot of the 2008 head execs should have been punished I actually think they should have been jailed the guys who ran their companies into the ground. JP paid their 25B back tho from TARP.
flowerz - you can’t really point the finger there. The banks were selling the pipe dream of home ownership. Half the people they gave loans to weren’t competent to understand how arm and everything else worked. They didn’t understand they couldn’t afford the house. The banks did. They didn’t care because they were just selling the bank note on open market anyways. In the end they knew they weren’t the suckers actually having to back them I’ll put it like this. We have lemon laws on cars. Don’t on banking products though. Some of these financial products are so sophisticated you need a PhD in financial law to explain them to you. Also if our government or fed would have stayed out the market and not backed these loans or offered banks low or no interest like they did the bankers wouldn’t have been as drunk and wouldn’t have had the funds to be as predatory as they were. Shame on you for blaming the common man
Selebrity 152 mate I said the execs should have been jailed. I blame them a lot for this. I’m just saying, your average bloke knew they couldn’t pay the mortgages they were taking. It doesn’t take a rocket science to know if you make 1500 a month you probably can’t afford a 1200 mortgage... I’m just saying OP said oh they cashed in on the mortGages that they knew ppl couldn’t pay.... the people knew they couldn’t pay either!! 100% it doesn’t take a PhD to know that. You are right about some of the other financial products but that is another story and is why I think these execs should have been jailed.
@@Flowerz__ you are they type of person who believe the propaganda. They floated the narrative that this crisis was societies fault. But in reality, it's their fault because they kept betting on our mortgages. They bet 10x more money than was actually out there in the market. If they would have kept our loans on their books, the market wouldn't have collapsed. We didn't make this crisis, they did.
flowerz I hear you. Here in America though people really are that stupid. Most of the people that took those mortgages seriously did or at least at first figured they can afford. The 2 big problems were the fine print in arm mortgages and when the economy tanked allot of people lost they’re jobs. If the banks wouldn’t have gambled most people wouldnt have lost they’re homes. That’s my argument at least But yeah my bad. Majority of it not all should go out to lenders. That’s other people’s money they were gambling with. Some how the people still trust them
@@meetstepsisalcoholicdouche6167 none of the so-called "hand outs" were actually handouts. They were low interest loans granted by the US government, which ended up being paid back, full in principle and in interest.
JP Morgan did not need the bail out money. They were asked to take it as part of TARP and if one didn't take it. It would have been the end of those that did need too. Also his compensation is and was in line with other CEO's (the absurdity of 40m salaries aside). His bank was profitable and could have withstood the recession with no help. Of all the people to take issue with compensation with after the bailout, Dimon is not one of them.
Jamie I see that as a man of Great Financial Status you are either involved in or pulled into a lot of debateable issues that concerns the daily flow of big well known businesses and large amounts of currency good thing you have a good head for math. Thank you for the contributions that you give to the various charities that you support annually to help the underprivileged God is constantly smiling on you because of that. Always keep God first and your path to greatness will forever have free clearnce. God bless you from your sister in Christ in Hammond, LA.
@@zolozek3327 its Republican 101...crash the economy and increase deficit for the next Democratic president then complain that they aren't fixing the economy fast enough and suddenly care about the deficit again.
"We were sucking liquidity out of the system, but very respectfully", what a hack, listen for yourself at 3:10. If you look closely you can see Turbo Tax Timmy's hand working this guys mouth, what a hack.
Recently Mr. Jamie Dimon says he's holding 500billions of cash in ready for next financial crisis. This time I think he is giving the public a warning sign.
As a suggestion....NOt sure how to integrate it, but there might be a way for communities to have their own little mini stock markets where members who live with in a certain area are able to invest in their communities. Of course you could set up the local markets with their own special taxation and rules....These markets maybe able to serve as an economic base for the larger markets and have higher protection from government backed banks.
will it happen again? I have no doubt watching the housing market right now. Prices are way up in anticipation of wage increases. What happens when everything falls threw?
Hank Paulson literally helped create this problem. For him NOT to know what goldman and other banks were doing with those mortgages is a bunch of horse manure.
Everybody please purchase and read Andrew Ross Sorkin's book titled Too Big to Fail. It gives you such a great read visually of all the moving parts. I need to reread it. I haven't read it since about 2011 I think. It's a great read. Lastly, I've always found Jamie Dimon impressive.
You may be right, but I think anybody insidious enough to create the credit default swap is savvy enough to see the crisis coming. He greatly benefited from the crisis...plus he had no business being in Gov't too as that was a major conflict of interest...
Jamie should be running for president. He deserves a lot of credit for his knowledge, understanding, how he speaks, how he treats situations without bad mouthing people and without running his mouth like every politician.
the 'deeply remiss' item in the system that Mr. Dimon speaks about was what is seldom talked about by totally necessary for a failure of that magnitude :- i.e. those sub prime debts that existed for the reason that banks had lent to willingly as a consequence of government policy and administrative decisions going back over ten years which set the springboard for mortgage failures.
@@ronjon7942 My point is that the sub prime crisis was created out of actions of banks dating back into the mid 1990's and had they not occurred there would have been no crisis. Those actions were excessive lending to high risk borrowers because of reluctance on the part of banks to decline loan applications to what previously has been assessed as high risk borrowers. That reluctance came about by way of the decisions of courts overturning the rights of banks to refuse loans for clients who had been correctly assessed as high risk. In a non insignificant case against Citibank (Citicorp) involving some 180 clients to approve loans on the basis of them being high risk the courts ruled against the bank. That resulted in loans which about all but 20 had fallen into arears and imminent failure within 5 years.
You do know that real estate development in New York City is a bureaucratic nightmare. Trump had no problems understanding this. Biden, Obama and Bush are another story entirely.
@@emiliohugues315 "resolved by Obama" Obama did not resolve anything, he simply listened to Paulson's and Bernanke's advice. He personally doesn't deserve any credit for saving the economy.
“If I’m playing tennis with you, I wanna beat you but if you’re having a heart attack, we stop the game and we try to help.” - great line
So why didn’t they “help” Lehman from going bankrupt?
@@madctas85because they couldn’t get guarantees from the government or anyone else that they wouldn’t be stuck with it, and Fuld was an ass who nobody wanted to fall on the sword for…
@@madctas85because it was impossible to save Lehman at the last minute
@@madctas85 Lehman was built on terrible principles.
I don't believe him for a second
Someday Brad Pitt will play Jamie Dimon in a movie. I’m calling it.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
How can I reach this person?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I checked Aileen up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response.
I don’t think most Americans realize we were about 48hrs away from your ATM card not working.
And who caused that? The same people that got bonuses and are still in control
@@ChronicChess well go be honest it’s a bit of everyone’s fault, the everyday person getting a mortgage they couldn’t afford, some even multiple mortgages, banks fault for packing them into CDOs, and insurance firms mainly AIG for insuring amounts they Couldn’t afford
@@ChronicChess it was everyone's fault. Banks for their greed and not realizing that the housing boom will bust. AIG for insuring toxic assets, and low income earners for having mortgages they couldn't afford.
@@ChronicChess Agree with the others everybody drank the Kool Aid. NINJA lenders/borrowers, investment banks, Greenspan, Paulson, insurance, rating agencies, Treasury, Bush, Congress, and the Fed.
We weren't
I feel like they edited this video too much. There seems like there are a lot of gaps in his answers.
There are always gaps in Jamie Dimon's answers.
there r sum things we are not suppose to know
Good lord, this is a piece to make them look good??? Like they did not know of the lending practices in the 80's, the 90's, the 2000's, They knew well before they state they knew. They do a piece to try to make themselves look like heroes??? They slaughtered families....and only 1 fool did time. What do you do when the criminals are running the show??????
Thank you Solomon Brothers.
The editing is useless
He knows what he's talking about. His bank did not suffer nearly as much as others.
@jphilly819 nah. The bank refused to enter the RMBS securitization business because the risks were too high and profits were too thin unless banks took a lot of debt to scale it up.
You mean he knew it was coming because he caused it to happen
@@harrisonl226 How did he cause it JPM works a lot differently compared to a investment firm like Goldman/leman ECT. JPM saw the risk and avoided the risk. In my opinion Jamie has done a fine job and make a good call not to get into the mortgage backed securities.
JPM doesn't lend you money until you don't need it anymore. That's why they did better than the rest. If you are in a bind, Chase will hang up on you and watch you fail.
If you took all the money in the world and gave each person an equal share, within a year some would be broke. Others wealthy. Personal accountability folks. Can’t afford a $1,000,000 home? Don’t buy it?
Absolutely loving this series
“It is not the critic who counts;
not the man who points out how the strong man stumbles,
or where the doer of deeds could have done them better.
The credit belongs to the man
who is actually in the arena,
whose face is marred by dust and sweat and blood;
who strives valiantly;
who errs,
who comes short again and again, because there is no effort without error and shortcoming;
but who does actually strive to do the deeds;
who knows great enthusiasms, the great devotions;
who spends himself in a worthy cause;
who at the best knows in the end the triumph of high achievement,
and who at the worst, if he fails, at least fails while daring greatly,
so that his place shall never be with those cold and timid souls who neither know victory nor defeat.”
― Theodore Roosevelt
Beautiful quote
But do not praise a man for trying to solve a problem that he himself created.
Is it the same Roosevelt, that prohibited ownership of gold?
@@nickl5658 It's a great quote, but you are absolutely right. Doesn't really fit in this context.
So your defense of a corrupt billionaire who is actually partly to blame for the 2008 bailout is “at least he tried?” 😂😂😂 the capitalist rightwing is really just a bunch of morons and idiots omg
This guy is sharp as a diamond point tack.
He’s amazing. It’s virtually impossible to tell exactly when he’s lying.
To be fair , no evidence shows he was involved in the making the crisis
Given the time he came into JP MORGAN
The whole time. They knew exactly what was going on and they bet against it failing because they were making massive amounts of money. Hell Greenspan and Summers told Brooskely Born it was taken care of when she brought up default swaps in the early 00's.
It failed, nobody paid any consequence except for Stern and Lehman brothers. Instead now we cheer them on when in reality they likely are over leveraging all over again.
Amazing that some people just accuse anyone of lying and have no proof or were anywhere near the action to even know. Put up some proof or accept the fact that you are lying.
@@tom80 look at the Q10 reports of all the big ones
@@Justanother1ne put up proof
Jamie Dimon is the LeBron of banking
Jamie Dimon is the Jamie Dimon of banking.
more like the Shawn Bradley of banking
More like Tom Brady of banking, he cheats.
Well put.
he built superteams 👏🏼
I will never forget Jim Cramer pushing investors back then to stay with Lehman Brothers by saying. "Lehman is no Bear Stearns." He was right and Lehman was worse so every investor lost. I never thought much of him after that.
And how does he still have a job on CNBC?
Meta the next one Cramer kills? lol
He was telling people to invest in FTX, SBV, Signature banks in the month up to their bankruptcies... rule of thumb, what ever Cramer advises, do the opposite
Dude is a joke
Cramer is like a loss LEADER, if you lead with CRAMER ,he leads you to a larger LOSS!
This one was the best of all the extended cuts!
11:59 funny how they cut him off when he was naming people responsible for it, we can just guess "who" got cut out ...
I don't think he was going to name names anyway
Obviously, I'd like to know too. All we can do is prepare for these things
Say what you want about Dimon, but JP Morgan Chase is one of the strongest banks. He is an elite, but I think he doesn’t understand national problems like inequality. Compared to other CEOs, Dimon is pretty good.
it's not his job to understand inequality...
He understands every bit of national problems like inequality. This is a man who walks on people. The only difference between Jamie Dimon & a shoe is that a shoe has a sole.
@@powerhouseinco9664 Sure it is! How else would he know how to exploit it for financial gain?!
@@powerhouseinco9664 : There is very, very little, almost no 'inequality' in America. Look outside the western world and you will see what 'inequality' means.
Great interview! Love to hear Jamie Dimon.
This interviewer is excellent!
Jamie Dimon is persuasive and well spoken. I also cannot help but admire the grit he must have shown as to become CEO of JP Morgan. However, this interview does not encourage one to view him as an honest straight forward man.
Nice rhetoric, cringy tho
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $150k stocks portfolio. How should I reallocate stocks in my portfolio to mitigate against a crash?
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
Exactly, a good number of people discredit the effectiveness of financial advisors/experts, but over the past 6years, I’ve had one consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but my portfolio can stand the test of time
Partnering with a financial advisor has transformed my approach to investing. Their expertise and personalized guidance have not only helped me navigate complex financial markets but also optimized my portfolio to achieve my long-term goals efficiently.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Good interview......really insightful.
wtf
great interview, both ways...
wtf
jamie has something about him that's charismatic. The way he speaks, its very natural, convincing and honest.
musicandoutdoors totally agree, im not a democrat but hed make a great politician
@@stancurry6265 : As a great financial institution ceo, he'd be a dangerous politician.
People didn't know but this country was like 72hrs away from people not being able to get funds from ATMs back then.
Jamie Dimon seems like a nice guy :) It's a shame CNBC edited this so heavily...
Tommy Carstensen he is so nice such a lovely Angel he is .King Of Financial Felons
had to be....doesn't want to go to prison.
I'm surprised his comment about the real villian, Obama survived.
Jamie Dimon of JP Morgan took 20 Billion dollars of government baulout money just like all the other companies. He did tell the government in the meeting that JP Morgan didn't need the money but the government told him if he did take it and needed it later it was going to cost him 6 % more, so he took it.
Yes. All of the banks even if they were fine had to take it to prevent it being obvious who needed help.
"We" were the "good" guys
way too much editing shame on them
they have cut too much of his honest answers.
"It was just a day late, a dollar short." 8:29
It's odd how people still try to vilify JP Morgan or Barclay's, like it was their responsibility to save poorly ran banks. Dimon structured his bank to survive just about anything, Fuld didn't.
Usually asset prices decreasing is seen as equally an opportunity as a cost.
at 13:38 "Do you see any crises in the future? : No, everything is different now. We will not have a new crisis" 😮🤣 2023:March 13'th, 3 banks tipped ower allready i two days...
It was a banking crisis, not a financial crisis. A financial crisis is in the post later this year.
Why did youtube put this in my feed today? One day after the First Republic bailout 🤔
He cashed in on all those morgage fees of morgages he new would never be paid.
Goyotero1000 what about the dumbasses who took mortgages they couldn’t repay? I agree that a lot of the 2008 head execs should have been punished I actually think they should have been jailed the guys who ran their companies into the ground. JP paid their 25B back tho from TARP.
flowerz - you can’t really point the finger there.
The banks were selling the pipe dream of home ownership.
Half the people they gave loans to weren’t competent to understand how arm and everything else worked. They didn’t understand they couldn’t afford the house. The banks did. They didn’t care because they were just selling the bank note on open market anyways. In the end they knew they weren’t the suckers actually having to back them
I’ll put it like this. We have lemon laws on cars. Don’t on banking products though.
Some of these financial products are so sophisticated you need a PhD in financial law to explain them to you.
Also if our government or fed would have stayed out the market and not backed these loans or offered banks low or no interest like they did the bankers wouldn’t have been as drunk and wouldn’t have had the funds to be as predatory as they were.
Shame on you for blaming the common man
Selebrity 152 mate I said the execs should have been jailed. I blame them a lot for this. I’m just saying, your average bloke knew they couldn’t pay the mortgages they were taking. It doesn’t take a rocket science to know if you make 1500 a month you probably can’t afford a 1200 mortgage... I’m just saying OP said oh they cashed in on the mortGages that they knew ppl couldn’t pay.... the people knew they couldn’t pay either!! 100% it doesn’t take a PhD to know that. You are right about some of the other financial products but that is another story and is why I think these execs should have been jailed.
@@Flowerz__ you are they type of person who believe the propaganda. They floated the narrative that this crisis was societies fault. But in reality, it's their fault because they kept betting on our mortgages. They bet 10x more money than was actually out there in the market. If they would have kept our loans on their books, the market wouldn't have collapsed. We didn't make this crisis, they did.
flowerz I hear you. Here in America though people really are that stupid. Most of the people that took those mortgages seriously did or at least at first figured they can afford. The 2 big problems were the fine print in arm mortgages and when the economy tanked allot of people lost they’re jobs. If the banks wouldn’t have gambled most people wouldnt have lost they’re homes. That’s my argument at least
But yeah my bad. Majority of it not all should go out to lenders. That’s other people’s money they were gambling with. Some how the people still trust them
Its 1 year later and were about to have another one.
This guy is one of my idols
@Carlos C : Dimon would not like that at all.
Who is the journalist ?
He was great !👑👑👑
I want to follow him.
Thanks
“Repo is done properly now” 🙃
How did i get an ad in 3045
I heard he got a 40 millions usd pay check during recession
Lin Xu Can’t confirm, but if it’s true it means he made the right bet....
pd: you could have done it too btw
He’s also become a billionaire in the last few years.
Kind of strange considering he accepted a 25 billion dollar hand out
@@meetstepsisalcoholicdouche6167 none of the so-called "hand outs" were actually handouts. They were low interest loans granted by the US government, which ended up being paid back, full in principle and in interest.
JP Morgan did not need the bail out money. They were asked to take it as part of TARP and if one didn't take it. It would have been the end of those that did need too.
Also his compensation is and was in line with other CEO's (the absurdity of 40m salaries aside). His bank was profitable and could have withstood the recession with no help. Of all the people to take issue with compensation with after the bailout, Dimon is not one of them.
Brantley Straub that’s a lie. Some banks still owe billions including GM!!!
Jamie I see that as a man of Great Financial Status you are either involved in or pulled into a lot of debateable issues that concerns the daily flow of big well known businesses and large amounts of currency good thing you have a good head for math. Thank you for the contributions that you give to the various charities that you support annually to help the underprivileged God is constantly smiling on you because of that. Always keep God first and your path to greatness will forever have free clearnce. God bless you from your sister in Christ in Hammond, LA.
10000 babies A-day die from male nutrition and starvation...
Mr. Dimon has a tendency to speed up at the end of his sentences.Subtitles would help.
When is Billions season 4 coming out? My assholeness from the other episodes are wearing off
lolol
Watching this in March 2020 getting crushed by Corona Virus. Eerily similar.
Oh yeah. the repo market locked up in December and they did EQ3 (stealth mode) where the fed added 3 trillion dollars to the system.
Not similar since there's no subprime loans this time.
@@MrTmenzo you ever hear of bonds?
In 4.55 He mentions LTCM how is that related with that night in Fed, I mean what was similar with LTCM case can someone explain?
CNBC are you guys releasing these videos because of the imminent crash that’s coming?? National debt is 3X what it was in 2008.
Warning signs all over the place
Yep it's coming. JPMC is predicting 2020
@@euenfheiejrj exactly next presidential elections are gonna be crazy
Lmao
@@zolozek3327 its Republican 101...crash the economy and increase deficit for the next Democratic president then complain that they aren't fixing the economy fast enough and suddenly care about the deficit again.
Little did he know…
Page 356
The number of employees at the end of 2009 was expected to be 63,500 in BCA and 69,917 in Integrated Defence Systems.
One of the best bankers in modern history
"We were sucking liquidity out of the system, but very respectfully", what a hack, listen for yourself at 3:10. If you look closely you can see Turbo Tax Timmy's hand working this guys mouth, what a hack.
A Fuller why? JP paid their 25 billion back
Remember the last line........"Lehman wouldn't happen today."
joe doe you mean them going under?
It's impossible to understand what Andrew is saying at 9:30, something about 'bank holding companies.'
Recently Mr. Jamie Dimon says he's holding 500billions of cash in ready for next financial crisis. This time I think he is giving the public a warning sign.
Financial crises are part of the economic cycle better to be prepared to minimise risk
As a suggestion....NOt sure how to integrate it, but there might be a way for communities to have their own little mini stock markets where members who live with in a certain area are able to invest in their communities. Of course you could set up the local markets with their own special taxation and rules....These markets maybe able to serve as an economic base for the larger markets and have higher protection from government backed banks.
will it happen again? I have no doubt watching the housing market right now. Prices are way up in anticipation of wage increases. What happens when everything falls threw?
I enjoy listening to warren BUFFET versus jamie DIMON for the ECONOMIC costs and opportunity costs..
In that room there were 17 wankers
He’s his own biggest fan
😐 WOW, I didn't know that he became a CEO in 2005th, i.e. after the ball started rolling down.
I forgot billy joel knows you're my dad 😂😂😂
stupid questions. Dimon is really patient
There always be next crises, just matter of time
@sanket... : Yes and every crisis is an opportunity.
one of the smartest scammers out there
People hate on a lot of guys in finance but what has Jamie Dimon done wrong? Hes got a pretty clean history
@Christianity Boxing Mafia nah
Hank Paulson literally helped create this problem. For him NOT to know what goldman and other banks were doing with those mortgages is a bunch of horse manure.
9:55 4:15
And here we are in a greatest recession since 1930s! Totally not possible
thats not true.. lmao the stock market is not the economy.
2008 haunts me too
It’s happening right now. If no major action will be taken immediately, 2024 it will all happen again.
Thank you JP Morgan Chase
Dude literally looks like a guy out of the 1700s one of the founding fathers.
Really? Powdered wig technology must be really advanced because I can't see it...
Don't worry about anything
A small few were made into villains, and some of the same lot like Dimon were allowed to “look” like heros… gotta have a villain to distract
Dad if disney says no I can always write for DreamWorks
Everybody please purchase and read Andrew Ross Sorkin's book titled Too Big to Fail. It gives you such a great read visually of all the moving parts. I need to reread it. I haven't read it since about 2011 I think. It's a great read. Lastly, I've always found Jamie Dimon impressive.
I won’t trust him to see the second crises, he didn’t see the first one coming
Um mm. His bank that he runs was set up to withstand the recession for a reason.
You may be right, but I think anybody insidious enough to create the credit default swap is savvy enough to see the crisis coming. He greatly benefited from the crisis...plus he had no business being in Gov't too as that was a major conflict of interest...
@Eddie... : Go search out interviews with Dimon prior to 2008. Your in for a surprise.
the birth of QE!
So CNBC is trying to say everything is fine, lol. Time to worry :/
Well I guess he was wrong about another financial crisis. Now he is talking about a hurricane.
Jamie said “damn straight” ❤
Whoa… he sounds just like Tim Apple 😂
Taking business lessons from this smiling gangster...the irony of it all
You know that JP Morgan paid back their 25 billion from TARP right? And the gov actually earned over 100B so far in reimbursements and dividends?
Jamie should be running for president. He deserves a lot of credit for his knowledge, understanding, how he speaks, how he treats situations without bad mouthing people and without running his mouth like every politician.
Best Interview I have Ever Seen,,,
07:35
Crook was shorting housing bonds while selling then to pension funds.. this man belongs in jail
i have to go check my memory, right
And industries oversea. All we need the agriculture.
the guy giving the interview has a blue eye and a brown eye with different shaped pupils
Looks cool.
I'm waiting for Jamie Simon and the 2020 crisis
What do u mean lol it’s a pandemic lol not much you could do
@John G : Well, it's now 2022. Are you still waiting ?
@@buildmotosykletist1987 close my man :)
Well this video didn't age well. Little over 3 yrs later and we're about to be in a crisis worse than 08
the 'deeply remiss' item in the system that Mr. Dimon speaks about was what is seldom talked about by totally necessary for a failure of that magnitude :- i.e. those sub prime debts that existed for the reason that banks had lent to willingly as a consequence of government policy and administrative decisions going back over ten years which set the springboard for mortgage failures.
Your point being?
@@ronjon7942 My point is that the sub prime crisis was created out of actions of banks dating back into the mid 1990's and had they not occurred there would have been no crisis. Those actions were excessive lending to high risk borrowers because of reluctance on the part of banks to decline loan applications to what previously has been assessed as high risk borrowers. That reluctance came about by way of the decisions of courts overturning the rights of banks to refuse loans for clients who had been correctly assessed as high risk. In a non insignificant case against Citibank (Citicorp) involving some 180 clients to approve loans on the basis of them being high risk the courts ruled against the bank. That resulted in loans which about all but 20 had fallen into arears and imminent failure within 5 years.
There should be a harder sentence for CEOs who manipulate the stock market to make a strong example of them and their failures.
Glass Steagall should never have been repealed.
I think the federally insured student loans are subprime leading and might back fire.
Can you imagine being the poor treasury secretary that had to explain the logistics of something like this to Biden or Trump
Biden was VP when this mess was being resolved by Obama...
You do know that real estate development in New York City is a bureaucratic nightmare.
Trump had no problems understanding this.
Biden, Obama and Bush are another story entirely.
Trump would of understood this more than any other president.
@@emiliohugues315 "resolved by Obama" Obama did not resolve anything, he simply listened to Paulson's and Bernanke's advice. He personally doesn't deserve any credit for saving the economy.
@@coloradoing9172 and hedge funds like Blackrock.
This guy is like Richard Gere, ages very well
13:35 is there another financial crisis? No
1 year later covid crisis happens and the entire world gets bailed out on printed money 🙄
I believe about 80% of what this guy says.
He is one of the operator of the market common on