jamie dimon in a recent salon article writer david de and makes the argument that jamie dimon explicitly it violated a federal statute that could result in decades in prison time an insult even admit it to doing it he violated section nine o six of the san mains oxley act which addresses criminal penalties for certifying a misleading or fraudulent financial report under s o x nine o six penalties can be upwards of five million dollars in fines and twenty years in prison so if it's so easy to find a crime that jamie dimon committed why is he still a free man to answer this question i'm joined now by william cave black associate professor of economics and law at the university of missouri kansas city thank you so much for joining me now if jamie diamond is so clearly violator of these laws if he so clearly a criminal why haven't any charges been brought up against him. no charges have been brought up against any of the elite bankers whose for a cause the crisis so he's being treated like all the other criminal c.e.o.'s he gets complete immunity now we constantly hear about large banks may

jamie dimon. more we go to nbc an four grader trick-or-treating rachel maddow. >> the nearest and deerest to jayie dimon this holiday see be, recently graced with this panoramic holiday card in your mail box. it shows the first family of finance having a great time hitting tennis balls inside what seems to be their home. and says hey, we're so rich we can destroy our own stuff with a smile. >> stephen: disgusting. calf or thing around your own home with your own family? at christmastime. come on. i condition think of anything more decadent except maybe murdering a tree and dressing it up like a whore. no wonder, nond withouter, folks, no wonder "time" magazine called the cards maddeningly tone deaf and ask could you pick a more elitist sport? yes, elitist, ten sis just polo without a horse that can be played in a public park. jamie die upon forgot the golden rule of 1 percenters, the 99ers need to previous your money has made you miserable. his christmas card should have been him weeping alone on

law is only as strong as the individuals who enforce them so by his own admission apparently jamie dimon violated section nine zero six of the sarbanes oxley act. by his own admission yes yes because he's just dumping people he's just letting them know that he can break the law with impunity i think it still impress his kids maybe they want to see daddy break the law and get on t.v. i mean it's amazing isn't it the banking industry at the end of the day is very easy business it's like a utility business you're just essentially loaning money out that you're taking in and you're making a spread on the difference in those two interest rates that's the banking industry to jazz it up to give a banker like jamie diamond some kind of amusing reason to go to work he breaks the law is the same way kids would rip off the wings off fly flies or maybe a serial killer likes to go around killing people and burying them in the backyard just to break up the monotony of being you know in middle class non-compliant so jamie likes to break the law easily he's a he lays a law breaking it that's as hobby now

can be said to be ultimately responsible just so we could go jamie dimon explicitly violated a federal statute that carries a prison sentence that he's a free man today with no fear of prosecution doesn't only speak to our two tiered system of justice in america it should collar our perceptions of new rules and regulations that supposedly get tough on the financial industry as we recognize that any law is only as strong as the individuals who enforce them so by his own admission apparently jamie diamond violated section nine zero six of the sarbanes oxley act by his own admission yes yes because he's just dumping people he's just letting them know that he can break the law with impunity i think it still press is kids maybe they want to see daddy break the law and get on t.v. i mean it's amusing isn't it the banking industry at the end of the day is very easy business it's like a utility business you're just essentially loaning money out there you're taking in and you're making a spread on the difference in those two interest rates as the banking industry sort of jazz it up to give a ba

jamie dimon in a recent salon article writer david dayen makes the argument that jamie dimon explicitly violated a federal statute that could result in decades in prison damon himself had admitted to what he did he violated section nine zero six of the sarbanes oxley act which addresses criminal penalties for sort of fining misleading or fraudulent financial report under s.o.s. nine o six penalties can be upwards of five million dollars in fines and twenty years in prison so if it's so easy to find a crime that jamie dimon committed why is he still walking as a free man to answer this question i spoke earlier with william k. black associate professor of economics and law at the university of missouri kansas city take a look. well no charges have been brought up against any of the elite bankers whose frauds caused the crisis so he's being treated like all the other criminal c.e.o.'s he gets complete immunity now we constantly hear that large banks may have acted unethically in the run up to the financial crisis but they weren't acting illegally is that true in your opinion well actually

easily he's a he lays a law breaking it that's as harvey now remember right before christmas jamie dimon and his family were throwing all these balls in the air at their home and having a laugh and it is like a pillow fight that we see in the regulatory thing they're just like play fighting oh i'm going to hit jamie diamond over the head with the pillow this is the father's good now you know it's like a wrecking ball more like it just smashing through the economy the point is that he jamie really just enjoys breaking the law i mean that's his hobby a lot of people collect butterflies jamie diamond breaks the law that's his hobby that's what he enjoys doing well i'd rather have him do that then when you say wrecking ball it of course reminds me of miley cyrus sitting on the wrecking ball. naked and playing around i wouldn't want to see jay we diamond on a wrecking ball nique and i didn't see the miley cyrus of the wrecking ball i remember cher struggling like a fifty millimeter gun isn't it from a huge ship and i thought that was pretty impressive it was and while i think your date. share

jamijamiejamie dimon's package s awarded now $24 million, but it's now worth $18 million thanks to a gain in the stock price. the same year that the bank was slapped with a record record billion dollars fine. some believe the best way to drive more responsible behavior is to change how bonuses are calculate glad most of your bonuses when calculating your bonus you're looking at what profit did you make for the firm and 10% you'll get for your compensation. here the idea is don't just look at how much profit you made, but how much risk did you take on behalf of the firm. how much risk did you expose the firm to in your activities. >> last year average salary for financial securities employee in new york was $360,000. that is five times higher than other for-profit businesses. >>> today on twitter and facebook we've been asking you how can wall street compensation about given responsibility. >> and another says, some how tie their performance in job creation in the private sector. tell us what you think @aj real money or on facebook. we have a book about the financial crisis, and we're

dimon has been ever present in this debate. ever more so president after the -- evermore present after the london whale scandal. >> it came to define the very essence of what hedging would be seen within this. jamie dimon, three months after thedisclosure, said if volker rule had been enacted, it would have stopped parts of the morphing of the portfolio. the jpmorgan incident is something which help to find the volcker rule. that it was in the past 2.5 weeks, he felt they had moved to a robust piece of legislation. trade, but it is a mitigated risk. you have to do it on an ongoing basis. >> it is complicated to be robust, isn't it? they took one paragraph volker rule and they turned it into 100 pages. we still do not have all of the details. >> 700 meetings, 850 pages of preamble. when it comes down to it, identified. >> finance ministers in brussels inch towards a deal on how to set up a banking union. our europe editor is in berlin. where are we in these negotiations? similar, we have the contours on how the union is going to

as you can see , dimon and family also used the photo opp -- to show off their tennis skills. still to come: is the worst over for oracle? we'll break it down in chart talk. plus...the movie our critic says is a shoe in for the oscars... and..you can call me "al" ....the grandniece of infamous mobster al capone joins bill moller right here, after the break! i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it? i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov. he was a bootlegger, he ordered all kinds of murders. but there's something else we can associate with chicago mobster al capone - he

is jeff bezos jamie dimon's worst nightmare?would consider anyone in that space willing to take technology and do it in a disruptive way and is not burdened by the regulatory regimes being put in place has a distinct advantage to change the system. >> putting on your government had for a moment, what should the government do about this or what could the government do about this to make sure there is a level playing field? to technology, in some cases it has been a real game changer bringing people into financial services. using mobile phones to allow individuals to have access to financial services. game changer. two .5 million people in this world and not have access to financial services. technology and change that. regulation should let innovation occur but also allow banks to compete. let's not turn them into utilities. if amazon wants to compete with jamie dimon, let's do it -- >> efrain if it is a start up -- different whether it is a start up versus amazon? >> we ought to let innovation occur. companies havee a really har

the united states we have over and over jamie dimon and a and j.p. morgan is critical moment a crime it's a crime of crime they've they've paid a dozens of fines this year for various crimes so you've got like jamie is begging to be imprisoned some people i've had this experience when i worked on wall street myself a lot of people they beg to be wiped out financially and my role as a stockbroker is to euthanize their accounts jamie dimon is a guy who's begging to be euthanized and i think as a country as a world we should get together and answer his wish he wants to become one with his maker he says look i broke the law please arrest me i want to go to jail and be abused by hundreds of thousands of inmates in some on godly way that's my goal in life i'm tired of being free put me in prison i beg you so he breaks more and more laws but unfortunately the law breaking becomes the basis of the g.d.p. for a country like america and they can't put him in jail because i need him out there breaking the law so they can pay themselves huge bonuses at the end o

what i know with from people that have spoken with jamie dimon, jamie dimon wants to put most major investigationst it out of his, get it out of his way, put him out of his own misery by the end of this year or early next year in 2014. he is looking to end this as soon as possible. he is telling people that he believes he is, there is outside chance they can end it this year. you no that would obviously include paying a billion plus to settle the madoff claims. maybe a billion dollars on separate fdic claim. adam: okay. >> one thing i think you won't see them settle very quickly is the whole thing whether they have allegedly bribed chinese government by hiring relatives. adam: children of high level officials. >> they're not only one in there. that will take a while to pan out. most of other substantive things, they think they will get it done early this year and next year. that is what jamie dimon telling people he wants to do. adam: charlie gasparino, thank you. lori: all right, the dow coming back from session lows but still down 84 points at the moment. let's check the markets with alan valdez

the united states we have over and over jamie dimon and a and j.p. morgan is critical moment a crime it's a crime of crime they've they've paid a dozens of fines this year for various crimes so you've got like jamie is begging to be imprisoned some people i've i've had this experience when i worked on wall street myself a lot of people they beg to be wiped out financially and my role as a stockbroker is to euthanize their accounts jamie dimon is a guy who's begging to be euthanized and i think as a country is a world we should get together and answer his wish he wants to become one with his maker he says look i broke the law please arrest me i want to go to jail and be abused by hundreds of thousands of inmates in some on godly way that's my goal in life i'm tired of being free put me in prison i beg you so he breaks more and more laws but unfortunately the law breaking becomes the basis of the g.d.p. for a country like america and they can't put him in jail because i need him out there breaking the law so they can pay themselves huge bonuses at the

law is only as strong as the individuals who enforce them so by his own admission apparently jamie dimon violated section nine zero six of the sarbanes oxley act by his own.

law is only as strong as the individuals who enforce them so by his own admission apparently jamie dimon violated section nine zero six of the sarbanes oxley act. by his own admission yes yes because he's just taunting people he's just letting them know that he can break the law with impunity i think it still impress his kids maybe they want to see daddy break the law and get on t.v. i mean it's amazing isn't it the banking industry at the end of the day is very easy business it's like a utility business you're just especially loaning money out there you're taking in and you're making a spread on the difference in those two interest rates as the banking industry sort of jazz it out to give a banker like jamie diamond some kind of amusing reason to go to work he breaks the law i mean it's the same way kids would.

jamie dimon will speak in d.c. on closing the workforce skills gap. hilton begins trading this morning on the new york stock exchange under the ticker hlt. ipo at $20. star with things there's more value there. but see that interview at bloomberg tv plus on the ipad. ourbloomberg.com, all of television interviews out there on a glorious video. let's do a glorious data check. stocks, bonds, currencies, and we slipped into a december boredom. i am going to do a half screen data check one of these days. overnight.inted 138 expensive euro. nymex does nothing. our next screen, the vix, dxy still under 80. that oneig deal to get point 38 print. there is our data check. interesting in the papers. we look at the web. i wore out my finger on the mouse. >> our first front-page story, five years ago yesterday, bernie madoff was arrested. >> where were you? >> i was at the office. hasy, "new york times" jpmorgan may pay as much as $2 billion regarding claims tied to ernie made off. investigating how jpmorgan handled funds controlled by bernie made off and whether

jamies settling mean dimon and j.p.organ are admitting guilt, or could one fines, heave paid the wants to start 4014 without an overhang, and want to take all of the litigation off of the books? >> and he is willing to write a big check to do so. we are trying to confirm whether or not jpmorgan is going to admit the middle tilt. -- criminal guilt. we know they will definitely admit to a statement of fact of some sort. whether or not they will admit to criminal wrongdoing, trying to ascertain that, yes, because none of this is public yet. >> nobody inside jpmorgan has been named for being negligent, at the very least? >> i'd not think so, but we are awaiting details. we expect this before the end of the year. >> jamie dimon, one might say he is trying to clean house. dawn kopecki, always on top of jpmorgan, great story, covering five years since bernie madoff. when we come back, we will change the ways you watch movies and invest in ipos. amc theater chains wants to do both. we will have that next on "market makers." ♪\

jamie dimon has said he wants to put this behind him. what regulators are trying to do in terms of reneging on the few things they were going to give to jpmorgan in terms of helping out. i think it is a principle thing more than money. >> everyone knows that you are a considered bowl on the equity markets, tell me about the share buybacks that we are seeing. is that reason for optimism for next year? >> yes. i heard your comments before about 3m, i own it. i think it is a signal of a move on their part in the stock -- and the stock shows you what the market reaction is to that. we have a record high in terms of buybacks. isof the daily trading plus all about companies buying back their own stock. they are the biggest buyers. atcourse it is a huge wind the back. >> thank you. we appreciate your perspective. >> we are going to return to washington and the trouble brewing there. -- trouble brewing on the left. her plan was attacked and was called a fantasy. war and want to bank ceos to come clean on their donations. warren wants bank ceos t

i don't think that jamie dimon or ken lewis who was the ceo of bank of america, right now it is moynihanhey hate you about which one. neil: both, lewis and main moynihan. >> i get along with them. full disclosure -- i don't think they have any idea they would be walking into a firestorm of fat cat, name-calling antibank sentiment that has become the obama administration, if you, 88 jamie dimon with the ways part of the financial crisis and let off the hook fannie and freddy is perverse. neil: what is what happen had. fast-food workers, gearing up for nationwide protest this week over a higher minimum wage. not just a higher, try $15 an hour, more than double what it is nationally. for flipping burgers. we decide. we report, we make a mis mess of this, or is that them? we'll debate it out, next. grabbd before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a good l

robert daves and department of building inspection at 3547-20th street, protesting the issuance to dimon horace alteration permit. either of you the appellant in this case? you representing the permit holder? >> mr. daves isn't here. >> mr. horace, can you step forward or who is going to represent the permit holder, please step forward. >> for the record, i am looking at the file, the appeal was filed on october 24, signed by mr. daves and he walked out with a permit. >> and he submitted a brief. >> so it has not been rescheduled. >> okay. >> do you have anything you want to say to the board about the appeal? or any contact you have had with the appellant? >> still want to uphold the permit that was issued. only way to improve the property. >> okay. >> mr. duffy. >> commissioners, the permit was issued to address a notice of violation that was issued by dbi on 20th of september, 2013. an unpermitted event has been installed on the property, and the watershed drains water on the neighbor's property. a building permit was planned to reduce the garden shed to 1 foot or less and to be at lea

charlie, i want to quickly ask you about jamie dimon. >> yes, what happened?w the argue about michael corbett and how he's kept a lower profile and that citigroup stock has certainly responded quite nicely -- >> think about the implication of that story. liz: right, right. >> you have to be -- you have to do nothing which citigroup does almost nothing. they have almost no presence, major presence in the markets as they use to. liz: they are a global consumer bank. >> right. liz: they are making money doing that. >> jpmorgan makes a hot more money. whenever the regulators call you've got to say yes, sir, and that's -- and by the way, you have to keep it a completely low profile. you can't say the obvious like dodd-frank is monumentally stupid as jamie dimon -- that's the modern bank ceo. your an automaton, you are a robot for washington. liz: can i just say thank you for shaving? [laughter] better this way. >> i could say something, i'm not going to. tweet us @liz claman. better this way, right? good to see you. closing bell ringing in 31 minutes. the sun came

. >>> jpmorgan's jamie dimon saying a big thank-you to congress for getting a budget deal done. eamon javers has the details. >> reporter: jpmorgan's jamie dimon is speaking right now here in washington, and he was asked at the aspen institute by walter isaacson what he makes of this budget deal. take a listen. >> what do you make of the budget deal and what that will do for the economy? >> i sent an e-mail to patty murray and paul ryan yesterday basically saying thank you, thank you, thank you and may the lord bless them because the country's getting stronger every single day and not shooting ourselves in the foot is a very good thing not to do. if we just keep on doing this, collaborating, keep on doing some smart things, i think america will really start to grow rapidly. >> tyler, thank you, thank you, thank you and may the lord bless them. that's what we call a ful full-throated endorsement, tyler. >> that is a lovely full-throated endorsement if ever i heard one. >>> where do we stand on a vote? is a vote coming later today or what? >> we expect they will vote today. and th

. >> if you're among the nearest and dearest, jamie dimon had this in your card.ng tennis balls inside what seems to be their home. an image that says, hey, we're so rich we can destroy our own stuff. >> disgusting, covorting around your own home with your own family. at christmas time? come on. this is why i didn't mail out my christmas card this year. it's a picture of me water skiing through the kitchen i had built off of my shoe closet. >> hope he has insurance to put their cull l paintings ong the wall. jon stewart is weighing in on the "duck dynasty" controversy. >> i don't actually really watch "duck dynasty." i would assume it's a show where ducks reenact dynasty. which, by the way, would have a huge gay audience. >> there's something called the first amendment. >> he's allowed to say whatever he wants. >> political correctness. >> this is the word police. >> yes, i too have a problem with the word police. it is by far the worst "law and order" spin off. i don't care for it. >>> now david letterman is looking forward to the performance at radio city. >> th

beggars harassing us every time we pass one of their toll booth cons like this famous one day i'm jamie dimon oh look i found your banking system going to found trash on the ground before me give it me it's truly an dollars it'll give a burke give me a trillion i want another trillion more trillions gimme gimme gimme. gimme she good. to build. anything tim's mission to teach me. is why you should care only. place it was a place. on a plane. that was that. was. one. of those. lists of. a place. syrian rebels kidnap a group of nuns from a christian ministry allegedly moving them to a nearby rebel controlled town it's the christian community is increasingly caught up in the raging violence. i encourage you to keep going and start shooting. we look at the radical right wing groups that have hijacked the demonstrations in kiev is more european leaders throw their weight behind you protests in ukraine. this is humanitarian aid from the european union and altogether these products make up around a third of all the stuff here. and data for the e.u. plagued by unemployment and the sterett say a ring.

and jp morgan ceo jamie dimon is thanking congress for pounding out an agreement rather than shutting down the government. the senate is expected to vote next week. president obama plans to sign off on the deal. new enrollment numbers reveal more activity on health care dot gov. "now as more americans give health care dot gov a second look they are finding the experience is night and day compared to where we were back in october. and they are responding by shopping for plans and enrolling in greater numbers." that is health and human services secretary kathleen sebelius, who was on capitol hill yesterday for another round of testimony on the government health exchanges. she says a total of 364 thousand people have enrolled on the federal health exchange website as of the end of november. 227 thousand have signed up on state run websites in 14 states, and 137 thousand on healthcare-dot-gov. the numbers are less than the administration's expectations, but are higher since the website outages that required a technical fix. sebelius says she has ordered an internal review of the health ca

scott: i would have to say that i'm a big jamie dimon fan. i'd like to back him. i think that what he's done with that bank over the last 5 years is fantastic. alan: maybe the fed helped. but what about bitcoins? if you put 10 thousand dollars in bitcoin in 2008, it would be worth 90 million right now. scott: shoulda, woulda, coulda. i'm not gonna look back on those trades. we look forward. angie: topic number 2: phone home- stolen cell phones are big business for cartels. what would be your favorite phone stock or provider stock? scott: i'm gonna stay away from anything with technology right now. i think we're looking a little bit of a bubble. it reminds me of 1999. and i'm gonna vote with the drug cartels and buy merck and pfizer. alan: i don't think there's any phone stocks that i like. at&t is up 1% with the dow up 20% this year. it's ridiculous. it looks like dead money. and if you think about the names in that space, you've got sprint, blackberry. you've got a lot of dogs. i think you'd be better off to put your money elsewhere than i phones. i would be with

listen and is it enough to protect your privacy some answers ahead could jamie dimon end up behind bars years after the financial meltdown one report shows how j.p. morgan chase and its c.e.o. violated a federal law that could carry up to twenty years in prison so where's the justice department we'll take a closer look at that story next and amnesty international has released a new report on atrocities in syria detailing inhumane acts by g. hottest groups like torture and murder more on the crisis in syria.

beg to be wiped out financially and my role as a stockbroker is to euthanize their accounts jamie dimon is a guy who's begging to be euthanized and i think as a country as a world we should get together and answer his wish he wants to become one with his maker he says look i broke the law please arrest me i want to go to jail and be abused by hundreds of thousands of inmates and some on godly way that's my goal in life i'm tired of being free put me in prison i beg you so he breaks more and more laws but unfortunately the law breaking becomes the basis of the g.d.p. for a country like america and they can't put him in jail because i need him out there breaking the law so they can pay themselves huge bonuses at the end of the year so he's really is an existential crisis that's as christmas wish but nobody will fill his christmas wish oh it will get a. little. the turkish government is a step away from a full scale political crisis as tens of the country's ten of the country's ministers have been replaced by the prime minister over a high level bribery scandal but even that didn't pacify

jimmy dimon was quick to praise the architects of this deal, struck by revisited its patty murray and paul ryan. >> i sent an e-mail to patty murray and paul ryan yesterday, easily saying thank you. may the lord bless them. if we keep doing this, collaborating, i think america will move real rapidly. murphy -- senator murray and were presented if ryan spoke on the deal yesterday. spectrum of two possible government shutdowns in 2013. that is not good for anybody, not good for the country. >> i think the grand bargain puts everything on the table. we can take steps towards reaching a point where we deal with those tougher issues. >> i asked for what may happen in the senate this week. harry reid sounds optimistic that some sort of budget is going to pass. >> we talked about them not committing suicide by not passing the budget. and dick durbin told cbs's face the nation that democrats still need the support of their colleagues across the aisle. >> the struggle is still on in the united states senate. we will need eight republicans to come our way. i feel like we will have a good strong