Jamie Dimon on Capital Hill

[tutall]

Any interest in this hearing today? Seems Dimon tried to stick it to the congressmen and it is a little embarrasing to watch as you could tell the politicians had no idea what he was talking about and it was way over their heads. I also think it is funny a group of people who lose this country 4 billion a day can tell a very successful CEO how to properly run a business.

I cant find a link to the video but I am sure it is posted somewhere to watch

[pghin08]

I think Dimon had next to nothing to do with those JPM trades. Like the CEO has that much time on his hands to go over every risky deal. Congress is really just kind of chasing their tails here, but someone should be held accountable.

[tutall]

they were held accontable and lost their jobs the next business day... It is just sad our Congress can find nothing better to do than try to get 15 minutes of fame before elections grilling public enemy number 1 when this loss represents less than 1/2 of a percent of the entire trading portfolio.

[theonedru]

they were held accontable and lost their jobs the next business day... It is just sad our Congress can find nothing better to do than try to get 15 minutes of fame before elections grilling public enemy number 1 when this loss represents less than 1/2 of a percent of the entire trading portfolio.

But how much of said loss represented everyday peoples life savings and or investments.whether it be all or sum of it (peoples invests I mean).

[AUTaxMan]

I don't understand why there is a hearing. Sometimes when you invest, you lose. There is always risk involved.

[shrewsbury]

autaxman, people have no issue until they lose and most have no clue on how to invest.

the classic example would be the average 401k or 403b

[tutall]

But how much of said loss represented everyday peoples life savings and or investments.whether it be all or sum of it (peoples invests I mean).

If you mean the way the market reacted to the news of JPM it was very temporary and has corrected.... It isnt the peoples money they were losing it was corporate profits that were invested