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jamie dimon j.p. morgan they made a debt of payments and penn station they found a man urinating in the corner deaf a kid in on themselves eating a donut from six months ago and they gave him half a million dollars. and lo and behold he couldn't pay back the money so that debt is now being shown to the treasury for fresh treasury bills that are going to collateral to make more loans damas people or to go to a mental hospital and simply open the doors and say everyone has a ten million dollar loan gars you've j.p. morgan thank you very much well that might help the economy max so now they remember this is all about the transformation fees so here's this had by max f.b.i. promised martyrdom payments to sting target now to me this reminded me of the banking system why investment bankers keep on blowing up the global economy and melting down markets the f.b.i. promised mean el khalifi martyrdom payments of a thousand dollars per month if he volunteered to blow him self up so this was an illegal immigrant
jamie dimon j.p. morgan they made a debt of payments and penn station they found a man urinating in the corner deaf a kid in on themselves eating a donut from six months ago and they gave him half a million dollars. and lo and behold he couldn't pay back the money so that debt is now being shown to the treasury for fresh treasury bills that are going to collateral to make more loans damas people or to go to a mental hospital and simply open the doors and say everyone has a ten million dollar...
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eucharist of the catholic church this is more like outright devil dump this is the devil because jamie dimon is saying basically that he wants to make money by creating more devil or securities or no collateral instead of lobbying for simply raising interest rates because if you raise interest rates then you can make money the old fashioned way which is to loan money but jamie dimon there's a lot to be a banker he doesn't want to be in the business of lending money to make money on those loans he wants to be in the devil business he is a he is he is satan essentially any comes forward with his trifecta of fraud which is a transformation transubstantiation the trans collateral ization of all garbage that is wantonly spoon throughout the universe as collateral for his bonus money that's the devil that shaking jamie dimon is saying if you see him on the street you don't do well here in this article as i just read to you they said it is an expanded securities lending market that will arise from this we don't need more debt we don't need an expansion of the securities lending market the problem w
eucharist of the catholic church this is more like outright devil dump this is the devil because jamie dimon is saying basically that he wants to make money by creating more devil or securities or no collateral instead of lobbying for simply raising interest rates because if you raise interest rates then you can make money the old fashioned way which is to loan money but jamie dimon there's a lot to be a banker he doesn't want to be in the business of lending money to make money on those loans...
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back to jamie dimon for a second and this idea of splitting up the banks.ou raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and they don't see that sort of discount. having said that if you take that logic and apply it to a citigroup or a bank america, i do indeed think that those large banks should be broken up, if you don't make it in the major leagues, you should be sent back to the minor leagues and that's certainly the case with citigroup and bank of america. >> mike i understand you think this is what should happen. you're also in the business of handicapping what is going to happen. this is going on the last two, three, four years since the financial crisis. what is your expectation that a ceo stands up and does wha
back to jamie dimon for a second and this idea of splitting up the banks.ou raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and they don't see that sort...
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how do you respond to that jamie dimon quote?m letting you play the straight man, i'm the one getting all upset. >> i have a lot of respect, so how he wants to frame where he is personally, that's up to him. the way i would see it is, we have had 30 straight gains in private sector jobs. over 4.5 million private sector jobs. so, i think the private sector is starting to actually build a nice foundation. housing, okay, foreclosures is at a four-year low. housing starts at a four-year high. the auto sector and something you just bring up. when the governor of ohio the other night said that they have gone from 48th to 4 in job creation -- >> this is great. >> one in every eight jobs is the auto sector it should end in, thank you, mr. president. listen, we're seeing our country make things in america, build things in america, export from america. those are good things. >> i'm sorry. i just want you -- >> on that jamie thing -- >> that specific thing. forget about jamie dimon. i heard it in interviews i did in my own reporting. attack
how do you respond to that jamie dimon quote?m letting you play the straight man, i'm the one getting all upset. >> i have a lot of respect, so how he wants to frame where he is personally, that's up to him. the way i would see it is, we have had 30 straight gains in private sector jobs. over 4.5 million private sector jobs. so, i think the private sector is starting to actually build a nice foundation. housing, okay, foreclosures is at a four-year low. housing starts at a four-year high....
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. >> not one mention of jamie dimon. >> i love jamie dimon. >> pop for travellers up 1%. >> the thesisurrounding this and this is a name is if you are having a modest recovery in the auto industry and housing itself and property and casualty on the residential level will do better. you look at a name like travellers. i like that. i think the entire insurance space is a beneficiary. pop for vulcan materials. >> huge move. martin should renew their takeover bid when the court ruling expires on september 14th. got a big move today. probably would want to buy on a pullback. >> drop for cliffs natural. >> some of the call names had started to lift and then we saw that the q 4 settling down at about $170 a ton. that is down 70% from q 3. there is pressure that doesn't bode well for the stock. >> a pop for mohawks. a hair raising world record for having the world's tallest mohawk. 3 feet. this is roughly the average height of an eight-year-old boy. it required three cans of hair spray. and took 15 years to grow. hopefully he was trimming along the way so the ends are healthy. >> that's time w
. >> not one mention of jamie dimon. >> i love jamie dimon. >> pop for travellers up 1%. >> the thesisurrounding this and this is a name is if you are having a modest recovery in the auto industry and housing itself and property and casualty on the residential level will do better. you look at a name like travellers. i like that. i think the entire insurance space is a beneficiary. pop for vulcan materials. >> huge move. martin should renew their takeover bid when...
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. >> let's look at jamie jamie --e dimon.we haven't even heard the tip of the iceberg with the libor steno. every mortgage rate and credit card debt was a corrupted rate. neil: so you think that these guys are occluded bunch. but be careful what you wish for. the argument goes, the 2008 not dumb all over again to i'm saying that hold the bankers accountable. for us not to fire jamie dimon, and the minute that he lied to his shareholders, -- neil: you don't know that he lied to his shareholders. >> he lied one month prior. a tempest in a teapot. it comes out a billion dollar loss and it was a four and a half billion dollar loss. [talking over each other] neil: in the end he still made money. >> i am not convinced that two wrongs make a right. if you're a liar, you're a liar. i'm saying that the libor scandal, when he comes out and says afterwards, are you going to give up your boldness this year, why would the ceo even have a place in the board of directors? does the tail wag the dog or does the board of directors have legitim
. >> let's look at jamie jamie --e dimon.we haven't even heard the tip of the iceberg with the libor steno. every mortgage rate and credit card debt was a corrupted rate. neil: so you think that these guys are occluded bunch. but be careful what you wish for. the argument goes, the 2008 not dumb all over again to i'm saying that hold the bankers accountable. for us not to fire jamie dimon, and the minute that he lied to his shareholders, -- neil: you don't know that he lied to his...
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and jamie dimon could get some questions today about the more than $4 billion loss at jpmorgan-chase. the ceo speaks today around noon in new york at aninvestor conference. john brady of rj o'brien joins us now. it's september 11th. do you suppose there will be a somber tone to the market today? > > there will be, at least in the morning. traders are really fixated on events overseas on wednesday and thursday, both in europe and the united states here with the federal reserve. tuesday, september 11th is certainly going to be a day of remembrance. there will be a somber tone to early trading, and i think most traders will probably remain somber during the day. it's a hard day, it's an unfortunate day, and it's a day that we all remember. > > as you mentioned though, the fed will be making some sort of announcement by thursday. what will be the trade ahead of that? > > there's been one big trade in fixed income markets, and that's been the steepening trade between 10-year yields on 30-year yields. one of the main topics of discussion amongst both traders and central bankers right now is
and jamie dimon could get some questions today about the more than $4 billion loss at jpmorgan-chase. the ceo speaks today around noon in new york at aninvestor conference. john brady of rj o'brien joins us now. it's september 11th. do you suppose there will be a somber tone to the market today? > > there will be, at least in the morning. traders are really fixated on events overseas on wednesday and thursday, both in europe and the united states here with the federal reserve. tuesday,...
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jamie dimon is back on defense. the ceo of jp morgan chase met in new york with analysts yesterday at a conference hosted by barclay's. jp morgan lost more than $4 billion in risky trading this year. when questioned about whether big banks should be broken up, dimon replied it was the large size of jp morgan that allowed it to weather the financial collapse of 2008. mark zuckerberg is looking ahead in his first interview since facebook's ipo. speaking at a techcrunch conference in san francisco tuesday afternoon, zuckerberg said he's disappointed in facebook's stock performance, but he expects it to turn around. he said facebook will make more money with mobile products than desktop features. facebook lost half its value since the ipo, which was marred by a technical glitch on the open may 18th. fb stock rallied more than 3% in after hours trading, topping $20. greek prime minister antonio samaras and ecb president mario draghi are optimistic about a recovery in the eurozone. today, germany's top court will rule on
jamie dimon is back on defense. the ceo of jp morgan chase met in new york with analysts yesterday at a conference hosted by barclay's. jp morgan lost more than $4 billion in risky trading this year. when questioned about whether big banks should be broken up, dimon replied it was the large size of jp morgan that allowed it to weather the financial collapse of 2008. mark zuckerberg is looking ahead in his first interview since facebook's ipo. speaking at a techcrunch conference in san francisco...
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absolutely. >> al gore: i love jamie dimon. a personal friend. a great guy. as to who is going to be the successor, i have no idea. absolutely no idea. but i'm sure that there will be a struggle in the administration administration. >> jennifer: do you think could be persuaded to come back, or is that water under a bring. >> al gore: i don't know. not name dropper but he was over at my house for dinner. he is so smart paul volker. he's older now. he has the energy for it, but you would not expect to see that kind of appointment. i really--as a first choice it has to be what kind of philosophy. what kind of approach. eliot, what to you think? >> eliot: i wish it would be paul volker, jamie dimon, whom whom i don't know has a great reputation. after the trades in london and the libor i think it would be tough. i think larry geil, sler who came from goldman. he has done a superb job at the. another name i would throw out is a long shot, steve radner. he has been close to electives very smart. he's been out there a lot. >> al gore: he did a great job on the auto-
absolutely. >> al gore: i love jamie dimon. a personal friend. a great guy. as to who is going to be the successor, i have no idea. absolutely no idea. but i'm sure that there will be a struggle in the administration administration. >> jennifer: do you think could be persuaded to come back, or is that water under a bring. >> al gore: i don't know. not name dropper but he was over at my house for dinner. he is so smart paul volker. he's older now. he has the energy for it, but...
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on the show he was talking about pretty much everything operation twist the fed gold fort knox jamie dimon in europe and who he calls the institutionalized rent seekers who have attached themselves like parasites to democrats and to the republican party respectively take a listen around secret someone who figures out a way to manipulate the system to a shark well for themselves but they give very little back or give nothing back so they actually destroy well for society. so he identified public sector unions as the rent seekers for democrats and wall street as the rent seekers for republicans original prisoner x. said on you tube if people believe what almost all that is all economists left right and in between understand that wages have either stagnated or decreased for the past thirty years then how is it that union workers are making too much money and besides unions only account for eleven percent of the total workforce in the country and let's get it straight trade unions and government unions are not the same thing trade unions contain competitive entities government unions have no c
on the show he was talking about pretty much everything operation twist the fed gold fort knox jamie dimon in europe and who he calls the institutionalized rent seekers who have attached themselves like parasites to democrats and to the republican party respectively take a listen around secret someone who figures out a way to manipulate the system to a shark well for themselves but they give very little back or give nothing back so they actually destroy well for society. so he identified public...
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one performing assets in august in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond of the real guys in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via somebody else saying i have not received any correspondence from either person meaning me and said jaitley so i call your attention to this tweet of august twenty third as you can see i was having a conversation on twitter with tom woods and i said but anyway we
one performing assets in august in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond...
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tween the last time i spoke with you and now we've seen jamie dimon on the hill twice and if you want to get have any kind of evidence that would make you feel like no one has a political will to go after wall street just watch politicians pretty much like lining up to praise jamie diamond so i'm just wondering if you have any thoughts there about if we're ever going to see any justice when you watch the kind of political theater we saw there know the word justice is being misspelled every american that said any minor infraction knows it's j. us t. us just us oh now they've been rolling out that guy lloyd of do we god's word blankfein and i saw that morning joe guys suck up to say how wonderful lee was oh yeah they're just great love the bankers oh yeah and so no it's all one club that's what i'm trying to say it's like a it's like aleck thing it's like electing the president of the country club in two thousand and twelve really builds swimming pools or will we expand the tennis courts. i think they will probably judging the spending habits of washington and wall street want to do bot
tween the last time i spoke with you and now we've seen jamie dimon on the hill twice and if you want to get have any kind of evidence that would make you feel like no one has a political will to go after wall street just watch politicians pretty much like lining up to praise jamie diamond so i'm just wondering if you have any thoughts there about if we're ever going to see any justice when you watch the kind of political theater we saw there know the word justice is being misspelled every...
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that people within the banking industry think because we have the sandy weill's but we have the jamie dimon saying bigger is better you know that's misguided right we'll say and i mean jamie diamond has to protect his stock price. god bless him because i mean if he came out and said anything other than what he said people would really worry but i but i think that there are an increasing number of people who are dissidents to the way that the financial system works i mean there are within the financial system but they're like this is not working and maybe it wasn't working before but they were able to make money from it like you could still push that engine forward and now it's kind of the gas is out of it it's chugging it's barely chugging along and they're coming around and saying you know what maybe we should look at a different way of compensating people or a different way of setting incentives or a different way of looking at lending because what's obvious to probably the rest of the populace and maybe not to the people doing much of these shops is what happened before was not working y
that people within the banking industry think because we have the sandy weill's but we have the jamie dimon saying bigger is better you know that's misguided right we'll say and i mean jamie diamond has to protect his stock price. god bless him because i mean if he came out and said anything other than what he said people would really worry but i but i think that there are an increasing number of people who are dissidents to the way that the financial system works i mean there are within the...
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private shareholders they have boards of directors so for example in the new york fed's board sits jamie dimon the president of j.p. morgan so that's where the confusion because there's this private element to it there are shareholders there's boards of directors for these federal reserve banks and then their presidents rotate on the f o m c which is the open market committee that determines open market operations like q.e. and then the federal reserve governors are appointed by the president of the united states warning by congress the fed issues the currency the federal reserve notes decides monetary policy so it is this weird kind of public private weirdness as far as who controls monetary policy the federal reserve does so they will you know they they announced that means that they will go buy mortgage backed securities in this case on the open market and who decides where that money goes that they're exchanging those for because the mortgage backed securities go on the fed's balance sheet the fed exchanges that for money which it prints of this is a fancy way of saying printing money wher
private shareholders they have boards of directors so for example in the new york fed's board sits jamie dimon the president of j.p. morgan so that's where the confusion because there's this private element to it there are shareholders there's boards of directors for these federal reserve banks and then their presidents rotate on the f o m c which is the open market committee that determines open market operations like q.e. and then the federal reserve governors are appointed by the president...
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securities dealers this wouldn't happen so we've got to stop that and there are other criticisms heard jamie dimon for example say hey it wasn't as it was the big guys it was the lehman brothers it was the bear stirring so counter that when real quick who do you think was financing them i mean if you look at the balance sheet to lehman brothers a look at the balance sheet of bear stearns sure they had huge mortgage inventories they do securities inventories how do you think they finance those bear stearns was financing them in the repo market with bank of america so if it wasn't for those big banks again financing the whole thing the other thing is with this crisis that lawrence people said well this is about a trillion dollars of subprime and all day you know historic to four rates it never gone above five percent they say let's be crazy and assume twenty percent of forwards which was unprecedented that's a two hundred billion dollar loss in a trillion dollars of mortgages less than the s. and l. crisis is just a for inflation so they said what's the big deal we can survive this what they missed
securities dealers this wouldn't happen so we've got to stop that and there are other criticisms heard jamie dimon for example say hey it wasn't as it was the big guys it was the lehman brothers it was the bear stirring so counter that when real quick who do you think was financing them i mean if you look at the balance sheet to lehman brothers a look at the balance sheet of bear stearns sure they had huge mortgage inventories they do securities inventories how do you think they finance those...
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. >> jamie dimon gives the key note speech in new york at 12:45 eastern.it's his first public appearance in about two months. he's expected to try to shift attention away from the bank's $6 billion trading loss and convince big shareholders that they're still well served by jpmorgan being the biggest u.s. bank. dimon mayle also roy earnings guidance as the third quarter comes to a close this month. this is how the stock is looking. this is a six month chart. >> speaking of banking, deutsche bank is outlining its new strategy which will include cost cuts, poe funu bonus changes ans its balance sheet. our next guest says investors should take profits following the ecb liquidity boost. he's senior credit strategist at rbs and he joins us now. good morning. >> good morning. thank you. >> so first of all, just big picture for us. you've liked financials but now turning more cautious? >> that's correct. we've gone a long way over the last three months. long credit, very aggressive high yield and banks since june. we're now at a point where the marketsle h. has d
. >> jamie dimon gives the key note speech in new york at 12:45 eastern.it's his first public appearance in about two months. he's expected to try to shift attention away from the bank's $6 billion trading loss and convince big shareholders that they're still well served by jpmorgan being the biggest u.s. bank. dimon mayle also roy earnings guidance as the third quarter comes to a close this month. this is how the stock is looking. this is a six month chart. >> speaking of banking,...
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no it was not too long ago that jamie dimon lloyd blankfein brian moynihan and john mack appeared in front of a financial car crisis inquiry commission to receive a public lashing for their reckless gambling but it turns out not all banks are as evil or as greedy as the mortgage crisis made them out to be a case in point scranton pennsylvania amalgamated bank america's largest union owned bank has given the city of a multi-million dollar loan to help pay police officers and firefighters the debt ridden city has already been forced to cut the pay of over four hundred public servants to seven twenty five an hour and in case you're wondering yes that is a minimum wage up until very recently the city couldn't get anyone to take on its debt that's when amalgamated bank stepped in if you think you recognize the bank's name it could be because it's the bank the democratic national committee just switched to to take care of most of its finances here to tell us more about the loan deal with the city of scranton is labor journalist michael. hey mike thanks so much for joining me so let's talk
no it was not too long ago that jamie dimon lloyd blankfein brian moynihan and john mack appeared in front of a financial car crisis inquiry commission to receive a public lashing for their reckless gambling but it turns out not all banks are as evil or as greedy as the mortgage crisis made them out to be a case in point scranton pennsylvania amalgamated bank america's largest union owned bank has given the city of a multi-million dollar loan to help pay police officers and firefighters the...
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[overlapping speakers] >> eliot: jamie dimon you say nice things about. >> i do.fdic we had an opportunity to deal with business people too. and dimon's bank we had an auction, and they won the bid for wamu and the transition was seamless. there was no disruption of services to customers, and they just executed very well. and he had a strong balance sheet. he said this is crazy we're getting out of here -- >> eliot: they have had some hiccups since then. >> absolutely. but at that point he had seen it earlier -- >> eliot: we may not have time to discuss the too big to fail phenomenon, but jamie defends the notion that super banks can do everything. >> yeah and i don't agree with him on that. if you are doing the securities and derivatives and the foreign operations it is just very very difficult to manage at the top of the house. >> eliot: nobody is good enough to manage all of them. >> you really aren't. and he said it was stupid -- a $6 billion loss is not significant. >> eliot: the occ -- >> right. >> eliot: what is that? and how bad were they? >> it was bad --
[overlapping speakers] >> eliot: jamie dimon you say nice things about. >> i do.fdic we had an opportunity to deal with business people too. and dimon's bank we had an auction, and they won the bid for wamu and the transition was seamless. there was no disruption of services to customers, and they just executed very well. and he had a strong balance sheet. he said this is crazy we're getting out of here -- >> eliot: they have had some hiccups since then. >> absolutely....
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. >> william harrison, jamie dimon's predecessor, and who else you got coming up next hour?i'm very exciting about bill harrison, and we're also going to talk to kim kardashian who is creating a new bland and trying to make her mark on wall street. so i'll see you at the top of the hour. >> one more thing i want to show our guests here, our three sectors are positive here today. materials still growing here, and then the consumer discretionary. carol roth, would you buy, bill gross said yesterday that he feels that whatever the ecb is going to do is inflationary. would you buy gold? >> i don't know they would touch gold. i think it will feed the market tomorrow, so i'm expecting unless something very, very strange happens -- gold thousand -- >> would you take it? >> it's a little rich for me at these levels. >> what kind of language are you looking for out of the ecb. >> you want concrete. >> yes, we want something concrete from them. the chances of that happening is minimal. >> what concrete, the amount of bounds they would be buying? an unlimited program? >> how much they'
. >> william harrison, jamie dimon's predecessor, and who else you got coming up next hour?i'm very exciting about bill harrison, and we're also going to talk to kim kardashian who is creating a new bland and trying to make her mark on wall street. so i'll see you at the top of the hour. >> one more thing i want to show our guests here, our three sectors are positive here today. materials still growing here, and then the consumer discretionary. carol roth, would you buy, bill gross...
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i never doubted jamie dimon. what are we thinking about?iple choice. >> i am still going blackstone. greenhill is another name. if you are making me choose -- >> why don't you like those three? >> goldman went up to 120. bank of america just scares me for a lot of different reasons. i think jp morgan is muddling along. i think the most interesting bank trades continue to be blackstone. >> what ben bernanke is doing should be good for what bank of america is in terms of mortgage lending and loans? >> he also left out he speaks about as well as i do bb and t. wells fargo, those are names that i think avoid the marquis of risk when you think about risk. >> where do you go among the three choices? >> i got jpm after the great franchise. i finish taking profit today. >>> let's move on for the moment you have been waiting for. >> i have been. >> trade of the day. >> kkr which is kfn. they are investing in financial assets and national resources, real estate. you get an incredible dividend yield. there is a little volatility to this. when you look
i never doubted jamie dimon. what are we thinking about?iple choice. >> i am still going blackstone. greenhill is another name. if you are making me choose -- >> why don't you like those three? >> goldman went up to 120. bank of america just scares me for a lot of different reasons. i think jp morgan is muddling along. i think the most interesting bank trades continue to be blackstone. >> what ben bernanke is doing should be good for what bank of america is in terms of...
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. >> how is jamie dimon doing from your standpoint? >> he is doing a great job. i have been retired for six years. one of the things after spending 30 years at a firm, and you look back, show the firm i left doing? i could not be more proud of what firm has accomplished and the leadership positions they have and the leadership that jamie is providing. i feel great about that. that's not necessarily the case always. >> and you have this populous out thereto that points fingers to the sector. occupy wall street is out there again in force. what do you want to say to those folks that may not understand the situation the way you do. >> it's a tough one. i think the public has been convinced that the banks were the 100% cause of the problem. and -- >> why is that? >> you know, it's -- i don't think our present administration has been very helpful on that suggest, and other expects lemee not been constructer. producing results will ultimately prevail and get us back on track. >> how do you see the economy overall in terms of being back on track. i know for the boards y
. >> how is jamie dimon doing from your standpoint? >> he is doing a great job. i have been retired for six years. one of the things after spending 30 years at a firm, and you look back, show the firm i left doing? i could not be more proud of what firm has accomplished and the leadership positions they have and the leadership that jamie is providing. i feel great about that. that's not necessarily the case always. >> and you have this populous out thereto that points fingers...
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Sep 27, 2012
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isn't that what i committed by endlessly committing jamie dimon, which to find out he's arrogant. a rogue trainer, the whale, to wipe out giant money. oh, memo to diamond, you want to seek redemption? say no to your bonus. to believe senate can override an entire apple-driven product. semi made the touch screen chips. i would have told you how wrong that is. what else? how about for the sin of not forgiving sirius logic for a miss before one of the greatest runs i've seen. even as i recognized jobs anighted service logic. left that on the table. for the sin of believing in an exec who kept making excuses after excuses after excuses for failure, jim hagerdorn, scotts miracle grow. issue a hard earning report. for the sin of thinking a company changed its stripes when it was only the ceo saying it had done so, in devin energy which i thought was moving to become another oil company but it was not ready for the glut. southwestern energy never pretended it was nothing more than nat oil company or capital oil and gas, which has the great growth i was looking for from devin. supermarket
isn't that what i committed by endlessly committing jamie dimon, which to find out he's arrogant. a rogue trainer, the whale, to wipe out giant money. oh, memo to diamond, you want to seek redemption? say no to your bonus. to believe senate can override an entire apple-driven product. semi made the touch screen chips. i would have told you how wrong that is. what else? how about for the sin of not forgiving sirius logic for a miss before one of the greatest runs i've seen. even as i recognized...
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Sep 28, 2012
09/12
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situation where you're comparing somebody like mayor bloomberg who runs the city to somebody like jamie dimonuns jpmorgan chase, right? >> again, not necessarily. it is a broad category. thousands of people in each particular area. it is going to vary by state. certainly in new york the private sector management would be paid higher than other states. utah and montana were the two closest to the private sector in terms of compensation. that makes sense. california paid the highest amount, straight dollar amount of any state. texas has the largest disparity. those two states are listed pretty much everywhere as having some of the largest unfunded pensions. california is basically broke or going broke. melissa: tom, it is interesting from a, oh, my gosh perspective but at the same time, does it really matter if you can't pay the bill, does it really matter if they're making more or less than the private sector? >> well the point is to bring it closer in terms of pay and look at pay overall because, again, the only way to address this long term is to reduce compensation and benefits. by the way
situation where you're comparing somebody like mayor bloomberg who runs the city to somebody like jamie dimonuns jpmorgan chase, right? >> again, not necessarily. it is a broad category. thousands of people in each particular area. it is going to vary by state. certainly in new york the private sector management would be paid higher than other states. utah and montana were the two closest to the private sector in terms of compensation. that makes sense. california paid the highest amount,...
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Sep 13, 2012
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when jamie dimon has a problem he calls frank.e thought we would ask him to fix housing problem or unemployment or fix the lukoil thing. what would you tell that guy to do by the way just for fun. >> in nye neighborhood i pass by there. melissa: give him advice. i don't know how quickly he will resolve that. let's work on jobs. unemployment picture in this country is bleak. there are a lot of engineering jobs wide open. what would you do to fix the jobs crisis? >> we need engineers. if you look across graduates this year we graduated 60,000 engineers. 70,000 engineers, 30 years ago. that gives you a picture of type of industrial country we had and what we were growing and what we need to grow today. i think we need to grow engineers. melissa: do we have the natural aptitude? set up special schools? loan incentives for higher education? >> i think the first thing is you have to look at universities themselves. we have in excess of 300 universities that have real engineering programs. if you look at india, it is 4,000 universities.
when jamie dimon has a problem he calls frank.e thought we would ask him to fix housing problem or unemployment or fix the lukoil thing. what would you tell that guy to do by the way just for fun. >> in nye neighborhood i pass by there. melissa: give him advice. i don't know how quickly he will resolve that. let's work on jobs. unemployment picture in this country is bleak. there are a lot of engineering jobs wide open. what would you do to fix the jobs crisis? >> we need engineers....
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Sep 15, 2012
09/12
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economics and formal financial journalist and somebody has opinions on this issue, bernie madoff, jamie dimon, were those two treated fairly by the federal government? >> bernie madoff was treated fairly. i would not put them in the same breath. bernie madoff got what he needed to get. i think of him as the serial killer of capitalism. you don't condemn a whole
economics and formal financial journalist and somebody has opinions on this issue, bernie madoff, jamie dimon, were those two treated fairly by the federal government? >> bernie madoff was treated fairly. i would not put them in the same breath. bernie madoff got what he needed to get. i think of him as the serial killer of capitalism. you don't condemn a whole
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Sep 13, 2012
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jpmorgan, the turn of the business over here and a lack of losses over there and you better believe jamie dimon's going to cut the losses over there. i'd be hard-pressed to believe that jpm's 2013 won't be better than 2012. and there's boeing. okay, hey, i plead guilty. it can impact boeing's military business. but boeing has finally at long last gotten the jumbo jet, the dream liner. do you know the aerospace cycles average seven years in length and we're going into the first profitable year of the new aircraft. i will bet over a fiscal cliff, finally schlumberger. oil is in a permanently higher plain. especially the unsettled situation in the middle east. national oil companies and independents alike will be stepping up the global spending for oil exploration and development particularly offshore. no company can make more money from that cycle than schlumberger. when you examine your stocks tonight, put them through the prism of economics and ask yourself, do the companies have enough going for them that they won't be hostage if the peaking scenario does play out. here's the bottom line. i don'
jpmorgan, the turn of the business over here and a lack of losses over there and you better believe jamie dimon's going to cut the losses over there. i'd be hard-pressed to believe that jpm's 2013 won't be better than 2012. and there's boeing. okay, hey, i plead guilty. it can impact boeing's military business. but boeing has finally at long last gotten the jumbo jet, the dream liner. do you know the aerospace cycles average seven years in length and we're going into the first profitable year...