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Oct 5, 2009
10/09
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the only person that has been able to put stuff together is jamie dimon. and he's not going anywhere. i tell you, i read a lot about this in the book, that you've got to realize, he came from -- he's been working with wile for years before he got fired back in i believe it was 1999. he put together every single firm that sandy wile bought. when sandy bought him, he was a visionary who bought him, jamie put them together. it's hard to find anybody on wall street that has that type of experience. jamie was never a trader. he's never like a salesman, never an investment banker. he was a guy who put companies together and squeezed costs out of them. ken lewis was supposed to be like that, here is the irony here, he put together bank of america. now, you know, he's gone. it's hard to find someone else like that. >> jpmorgan and jamie dimon are essentially back to where they were pre-lemen. bank of america half of the price. >> that is pretty amazing. >> thanks very much, charlie. >>> dow jones industrial average just off the highs here, the weak dollar as well
the only person that has been able to put stuff together is jamie dimon. and he's not going anywhere. i tell you, i read a lot about this in the book, that you've got to realize, he came from -- he's been working with wile for years before he got fired back in i believe it was 1999. he put together every single firm that sandy wile bought. when sandy bought him, he was a visionary who bought him, jamie put them together. it's hard to find anybody on wall street that has that type of experience....
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Oct 2, 2009
10/09
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. >> the real reason why he's likely to get it, i think, is he's best friends with jamie dimon. one of the reins jamie got fired is because he failed it to support his daughter to a position at the company and instead wanted jay mandelbaum. they've been joined at the hip ever since. this is a guy internally, everybody's laying odds on. >> terrific, charlie. thank you so much. do we want to put up the shot of the white house? okay, here it comes. president obama, first comments after learning that chicago will not get the bid. >> one of the things that i think is most valuable about sports is that you can play a great game, and still not win. and so although i wish that we had come back with better news from copenhagen, i could not be prouder of my hometown of chicago, the volunteers who were involved, mayor daley, the delegation of the american people for the extraordinary bid that we put forward. i do want to congratulate rio de janeiro and the nation of brazil for winning the 2016 olympics. i think this is a truly historic event, as these will be the first olympic games ever to
. >> the real reason why he's likely to get it, i think, is he's best friends with jamie dimon. one of the reins jamie got fired is because he failed it to support his daughter to a position at the company and instead wanted jay mandelbaum. they've been joined at the hip ever since. this is a guy internally, everybody's laying odds on. >> terrific, charlie. thank you so much. do we want to put up the shot of the white house? okay, here it comes. president obama, first comments after...
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Oct 2, 2009
10/09
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but you know what you're getting when you're dealing with jamie dimon. >> let me ask one of the questionsnow, jpmorgan chase was at the forefront of those modifying some of the mortgages for people who were having trouble making the payments. and yet, the criticism continues that the entire industry, including jpmorgan, is not doing enough to save people their homes. >> well, jpmorgan definitely got out ahead on the foreclosure debate. they were making moves before congress got on it. before it became a political thing. however, you've got to keep in mind, this is a huge firm. this is a $2 trillion firm. and paying attention to every, single detail, they're trying to. but it takes time. and individual cases are stuff that, you know, when aand if they find out, they deal with them. but it's a gigantic company. >> is he going to run for office? for public office? >> i don't know if he has the constitution to run for office. i don't know if he wants to deal with the vicissitudes of a campaign. however, he's told me, and he's told others, that serving his country in some capacity is something
but you know what you're getting when you're dealing with jamie dimon. >> let me ask one of the questionsnow, jpmorgan chase was at the forefront of those modifying some of the mortgages for people who were having trouble making the payments. and yet, the criticism continues that the entire industry, including jpmorgan, is not doing enough to save people their homes. >> well, jpmorgan definitely got out ahead on the foreclosure debate. they were making moves before congress got on...
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Oct 1, 2009
10/09
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. >> jamie dimon and -- >> lloyd. >> karen had to mention he's hot. >> and blankfein. >> and lloyd fein. >> chuck prince and stan o'neil. been through a couple of ceos at aig. john thain, of course. it's really an extraordinary -- >> oh, john mack. john mack-f you're watching. >> that's true. >> he's there. and he still is there. >> it's rather ironic that the news comes basically a year from when we were all discussing tarp. this was the moment for tarp. this was the weekend, actually, that washington was debating tarp. >> it's all perception-reality. when dick bove said are they going to pay back tarp? he said i don't think they will, i don't think they should. they're going to because perception's reality. people see that az source of strength, a sign of strength. and perception-reality again. john thain is only remembered for his wastepaper basket at this point. $40,000? >> and his commode. >> and he was a brilliant man. >> let's move on. if there are any breaking developments we'll bring them to you. but meantime time to take your position on bonds. it has been a great quarter for
. >> jamie dimon and -- >> lloyd. >> karen had to mention he's hot. >> and blankfein. >> and lloyd fein. >> chuck prince and stan o'neil. been through a couple of ceos at aig. john thain, of course. it's really an extraordinary -- >> oh, john mack. john mack-f you're watching. >> that's true. >> he's there. and he still is there. >> it's rather ironic that the news comes basically a year from when we were all discussing tarp. this was...
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Oct 2, 2009
10/09
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we're going to cover the markets and charlie gasparino and who might be in line to succeed jamie dimonkeep it here. the same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in profits and minimize risk, you can be confident in your strategy, no matter which way the market moves. find out why more and more active traders are turning to fidelity for a smarter way to trade online. trade like a pro. trade with fidelity. >>> we're up ten points on the dow jones industrial average. what about next week? time for the trader triple play. joining us bobby heller, harris, and from the my next we have mark. bobby, we had a sell-off yesterday. today with the bad news on employment, markets faring pretty well. we're in the green. what about next week? >> i think we have had a five or six point correction from the extreme highs of a week or so ago. even people who are looking for a down movement can be sort of satisfied with that. i think we have a narrow band
we're going to cover the markets and charlie gasparino and who might be in line to succeed jamie dimonkeep it here. the same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in profits and minimize risk, you can be confident in your strategy, no matter which way the market moves. find out why more and more active traders are turning to fidelity for a...
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Oct 1, 2009
10/09
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look at jamie dimon or stump at wells fargo, blankfein obviously at goldman sachs.ut then you have another group of ceos such as a vikram pandit at citigroup, he's been at citigroup for two years and it's been a complete failure. so -- and you have to wonder why he is still ceo at citigroup. you have to also wonder why dick parsons is the chairman there who just accepted a part-time job with a private equity firm. >> it sends a note to other c s ceos. do you think vikram pandit stays in his chair? >> i don't believe so. it should be -- it's very similar to what happened with lewis losing his chairmanship. this is something that shareholders should be voting on, and shareholders, if you look at when vikram pandit took over citigroup at $40 a share, the shares are now under $5. shareholders should be voting on pandit's future, not the government. >> what do you do with the stock now? >> we don't have any exposure to bank of america so i really can't comment on that. >> internal candidate or external to replace lewis? >> i think you look at both. you find out who is th
look at jamie dimon or stump at wells fargo, blankfein obviously at goldman sachs.ut then you have another group of ceos such as a vikram pandit at citigroup, he's been at citigroup for two years and it's been a complete failure. so -- and you have to wonder why he is still ceo at citigroup. you have to also wonder why dick parsons is the chairman there who just accepted a part-time job with a private equity firm. >> it sends a note to other c s ceos. do you think vikram pandit stays in...