c-span: jamie dimon today is where? >> guest: jamie dimon today is the chairman and ceo of bank one in chicago, the nation's fifth or sixth largest bank. and he got that job after being in corporate exile himself, when sandy fired him in 1998. after finally making the big deal and buying citicorp, sandy fired jamie in what was a very gut-wrenching incident within the company because everybody viewed them so together. and then jamie -- it took him a year or so to pick a job and get the right job, and he's now in chicago. and people today think he wants to make a wall street play so badly, you know, to compete against citi or -- and sandy, or they -- some people are quietly hoping that one day he'll come back and run citi when sandy finally exits. c-span: go back to the loyalty thing. how many people that he expected loyalty to him from did he fire over the years? >> guest: oh... c-span: start naming the ones that you can think of. >> guest: there's a stream of names. for one thing, frank zarb you talked about. at one poi

look how jamie dimon handled it. bear stearns was not so blessed and the run on the bank from the repo market closing down and the overleveraged position and the failure to raise capital when they still had a chance in the spring and summer of 2007. i'm not privy to these inside decisions. like i say, i haven't been there since 1994, but, obviously, some people manage this story very well, but bear stearns was not one of them. >> mary, was it unfortunate timing in some respects for bear? a lot of the folks were dealing with the same issue. who the shorts were going to target first and bear, of course, had the hedge funds early on that were a problem. >> that's right. a couple things to that point, trish. in his prepared remarks cayne points out it does not lead to the collapse of bear stearns and also in the hearing today we did hear some of the panel members ask the executives at bear stearns, you know, do you think this was unique to bear or was bear just the first and the executives said it just appears bear was t

morgan chase and jamie dimon, $16 million salary, an astounding $43,835 a day o. you mentioned wells fargo and their practice with a senior in your community. $21.3 million or $58,356 a day. that's incredible. that's more than some people make in a year. they're making every single day. and putting seniors' life savings at risk. many people got hurt in the wall street downturn but seniors have less time to be able to reinvest and make up the difference and recover from what wall street did to main street. we need to work hard to make sure that seniors are potected from other kinds of scams and make sure they know when they get somebody calling them, offering them a mortgage they didn't ask for, that that's an alarm. when they get somebody telling them of the act today, that's another danger sign, and that they need to be carele of balloon payments, prepayment penalties and other tricks and gimmicks that could make that loan very expensive, make it hard for them to get out of or make their money out of reach for a long time, that's why we need the consumer financia

. >> it is my great pleasure to introduce to you jamie dimon.ncy, thank you very much for that overly kind introduction. if you do not know, you have one at the list chancellor. board of trustees, faculty, proud parents, and founding members, and above all of the graduating class of 2010. it is a privilege to be here with you today celebrating this important event in your life. graduating today means you are through with final exams, the resubmitting term papers, all the nervousness, cold sweats, sleepless nights, preparing to answer seemingly impossible questions. that is something we banking executives we know a lot about these days, we call it testifying before congress. i am honored to be here today, but i also know that some of your fellow students have raised questions about me being your commencement speaker. when i heard about the protests, i wanted to understand what was behind them so i called one of the sudan's leading the movement and we had a good conversation. i am sure she is here somewhere. i heard a concern about me, at the nati