jamie dimon posts
FeedPosted Dec 6th 2010 9:30AM by Connie Madon (RSS feed)
Filed under: Insiders, General Electric (GE), JPMorgan Chase (JPM), Politics, Federal Reserve, Financial Crisis
Slowly, piece by piece, the inside details of what happened during the financial meltdown are coming to light. The latest disclosure is that JPMorgan Chase (JPM) CEO Jamie Dimon and General Electric (GE) CEO Jeffrey Immelt were on the New York Federal Reserve Board in 2008, when their institutions got enormous loans, as reported by the New York Times.
This little story tells you just how the insiders do their wheeling and dealing. On Sept. 15, JPMorgan Chase received a $3 billion loan from the Fed. On 12 occasions in October and November 2008, GE issued short term IOUs. The Fed purchased $16 billion of them.
Continue reading JPMorgan and GE Got Massive Fed Loans While Their CEOs Sat on NY Fed Board
Posted Sep 14th 2010 4:20PM by Jon Ogg (RSS feed)
Filed under: Cisco Systems (CSCO), JPMorgan Chase (JPM), Gap Inc (GPS)

Tech is alive, retail is not dead, wholesale inventory didn't kill us, and M&A continues. What
double-dip recession? The markets were all in positive territory until the end of the day and the final decision between red and black on the day was not a known certainty until the final minutes. Gold hit a new all-time high as uncertainty and risk still reigns.
Here were today's unofficial closing bell levels:
Dow Jones 10,526.49 -17.64 (-0.17%)
S&P 500 1,121.10 -0.80 (-0.07%)
Nasdaq 2,289.77 +4.06 (0.18%)
Top Analyst CallsContinue reading Closing Bell: Down to the Wire (CSCO, GMCR, BBY, JPM, RDWR, ZUMZ, GAP)
Posted Feb 7th 2010 2:40PM by Connie Madon (RSS feed)
Filed under: Insiders, JPMorgan Chase (JPM), Financial Crisis
Jamie Dimon, CEO of JPMorgan Chase (JPM), and Emilio Botin, Chairman of Banco Santander (STD) of Madrid, exchanged emails on how best to collaborate in the event of forthcoming bank failures. But the key here is that the exchange happened in June of 2008.
Afterward, Dimon and Botin met to discuss bidding on failing U.S. banks. Keep in mind that this was before the financial crisis gathered steam in fall of 2009. And keep in mind that this was before the TARP monies were provided to the big banks. This was before the collapse of Lehman Brothers, Washington Mutual (which JPMorgan bought), Merrill Lynch, Bear Stearns and so on.
Continue reading Dimon and Botin Plotted to Take Over Failed Banks Before the Financial Crisis
Posted Jan 15th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Intel (INTC), Johnson and Johnson (JNJ), JPMorgan Chase (JPM)

Today had all the earmarks of a great day to continue the bull market rallying on and on. There was a strong bullish bias and both Intel Corporation (
INTC) and JPMorgan Chase & Company (
JPM) both beat earnings. CPI remained tame, but the reading of consumer sentiment held things up. Most importantly, you have a bias set for this new earnings season. These stocks are up massively, and that much needed and way overdue pullback might finally be coming into play. The problem is that so far we are ten months now that every time that is about to happen, it has failed to materialize.
Here were today's unofficial closing bell levels:
Dow 10,609.65 -100.90 (-0.94%)
S&P 500 1,136.03 -12.43 (-1.08%)
Nasdaq 2,287.99 -28.75 (-1.24%)
Top Analyst Upgrades/DowngradesTop Stock and Market RumorsContinue reading Closing Bell: The Much-Needed Pullback Begins, Maybe (JPM, INTC, JNJ, PAA, BARE, SQNM)
Posted Jan 13th 2010 4:00PM by Jon Ogg (RSS feed)
Filed under: Google (GOOG), JPMorgan Chase (JPM), CIT Group (CIT), Eastman Kodak (EK), Kraft Foods'A' (KFT)
Continue reading Closing Bell: Low Rates and Easy Finance Policy to Stay for Stocks (KFT, JPM, GOOG, BIDU, EK, LLTC, NBG, MRNA, NBG)
Posted Nov 23rd 2009 11:20AM by Elizabeth Harrow (RSS feed)
Filed under: Rumors, Management, JPMorgan Chase (JPM), Options, Politics, DJIA, Financial Crisis
A report in The New York Post suggests that Jamie Dimon, CEO of JPMorgan Chase (JPM), could be the logical replacement for current U.S. Treasury Secretary Timothy Geithner. The paper's sources indicate that "a number of policy makers have begun mentioning Dimon as a successor to Geithner, whose standing in Washington has suffered because of the country's high unemployment rate, the weakness of the dollar, the slow pace of the recovery and the government's mounting deficit."
Meanwhile, reports the Post, Dimon has emerged as one of the heroes of the financial crisis, "having navigated JPMorgan through the recession and being a go-to guy when Uncle Sam last year needed Wall Street's help during the collapses of Bear Stearns and Washington Mutual."
Continue reading Will JPMorgan chief Jamie Dimon be our next Treasury Secretary?
Posted Aug 11th 2009 9:00AM by Tom Johansmeyer (RSS feed)
Filed under: Bad News, JPMorgan Chase (JPM), Economic Data, Personal Finance, Recession, Financial Crisis
Consumer bankruptcies have already spiked more than 30% this year, and it looks like the trend shows no signs of flagging. The American Bankruptcy Institute predicts that the tally could hit 1.4 million by the end of the year. So, although there are some experts signaling that the economy is on the upswing, the downstream effects of bankruptcy on consumer spending and corporate balance sheets are going to make it difficult for the market to turn the corner.
In July, more than 126,000 people filed for bankruptcy protection, and the filing rate was up 36.5% for the first six months of 2009 relative to the same period in 2008. The problem is affecting every rung of the social ladder.
Continue reading Consumer bankruptcies set to surge
Posted Jul 15th 2009 2:00PM by Connie Madon (RSS feed)
Filed under: Market Matters, JPMorgan Chase (JPM), Financial Crisis

Imagine this:Your bank holds $81 trillion dollars worth of derivatives which is 40% of all the derivatives held by all the banks. Actually this is not a fairy tale.
JP Morgan Chase (NYSE:
JPM) does own this staggering pile of derivatives. What those derivatives contain in the way to toxic assets is a mystery because all of these transactions are "off the books."
Now enter the government that wants to regulate the derivatives market and force more transparency in reporting transactions, which heretofore have been kept secret. One of the proposals is to have each transaction go through a clearing house so that there would be a visible record of the securities and the players.
Continue reading Jamie Dimon vs. the US government: do not regulate JPM
Posted Jun 6th 2009 2:10PM by Connie Madon (RSS feed)
Filed under: Management, JPMorgan Chase (JPM), American Express (AXP), Federal Reserve
Well, now it seems that even the big boys have to play by the rules. What do I mean play by the rules? Apparently, if a bank wants to pay back the TARP monies, they must demonstrate that they can raise equity.
JPMorgan Chase & Co. (NYSE: JPM) and American Express Co. (NYSE: AXP) were the only two banks that did not raise equity.
So there was an exchange between regulators and Jamie Dimon, JPMorgan's chief executive, who said that he did not believe that ability to tap capital markets should have been relevant for his bank. He went on to say, "Any argument you can think of, you could assume we made with our regulators. And as you could also expect, they won.The primary reason was access to equity capital markets, and its hard for me to imagine that really applies in the JPMorgan case." So it seems that the exchange was spirited to say the least.
Continue reading Regulators force JPMorgan and Amex to raise equity
Posted Jun 2nd 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Ford Motor (F), JPMorgan Chase (JPM), Bank of America (BAC)

Stocks felt choppy all day, although the late day move and afternoon stability allowed stocks to have another solid day. Housing starts added some strength, and the buyers are still deciding they need to be in rather than out of the market.
Here are today's unofficial closing bell levels:
Dow 8,746.51 +25.07 (0.29%)
S&P 500 945.36 +2.49 (0.26%)
Nasdaq 1,836.89 +8.21 (0.45%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: When sloppy days look pretty (GMCR, F, NTAP, JPM, BAC)
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