Quantcast
Connect with us

JP Morgan CEO: Banks aren’t acting ‘too risky’ despite our mistake

Published

on

Despite his company losing $2 billion for risky derivatives trading, JP Morgan Chase CEO Jamie Dimon told NBC Sunday morning that he did not think the nation’s largest financial institutions were still engaging in reckless practices.

In an interview with Meet The Press host David Gregory, Dimon acknowledged that his company did make a “terrible, egregious” mistake but stressed how JP Morgan Chase would overcome it.

ADVERTISEMENT

“Does it not tell you that the banking system is still several years after the financial collapse, too risky?” Gregory asked.

“I don’t think so,” Dimon replied. “It’s a question of size. This is not a risk that is life threatening to JP Morgan. This is a stupid thing that we should have never had done, but we are going to earn a lot of money for this quarter.”

WATCH: Video from NBC, which was broadcast on May 13, 2012.

Visit msnbc.com for breaking news, world news, and news about the economy

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump wanted to sent brutal message by gassing protesters on way to church: White House reporter

Published

on

Although at least one senior official was sickened by President Donald Trump's walk to St. John’s Episcopal Church, a White House reporter said most officials were pleased that it set a brutal example.

NBC News correspondent Shannon Pettypiece told MSNBC's "Morning Joe" that White House officials liked the chaos and brutality displayed by U.S. Park Police and National Guard troops firing tear gas at peaceful protests to clear the area for Trump's walk to church.

Continue Reading

CNN

1960s segregationist George Wallace would ‘smile’ at seeing Trump teargas protesters for a photo op: CNN’s Bakari Sellers

Published

on

CNN political commentator Bakari Sellers said on Tuesday that watching President Donald Trump teargas a group of peaceful protesters so that he could have a photo opportunity reminded him of something he'd see segregationist Alabama Gov. George Wallace do.

"Yesterday, the president of the United States used teargas, he used the military against peaceful protesters," Sellers said. "The the only thing I could think of is George Wallace is looking over him with a smile."

Sellers then said he was "thoroughly pissed off" at conservative evangelicals who are remaining silent even as Trump continues to pour gasoline on the fire of racism while wrapping himself in the flag and the cross.

Continue Reading
 

Breaking Banner

Fox News legal analyst Andrew Napolitano rips Trump for tweeting while America burns

Published

on

Fox News legal analyst Andrew Napolitano blasted President Donald Trump's failure of leadership after nationwide protests have erupted over the police killing of George Floyd.

Napolitano was outraged by the president calling on governors to "dominate" protesters, and he ripped Trump's inflammatory tweets, reported the Huffington Post.

“These words make things worse, they don’t lighten the tension -- they exacerbate it,” Napolitano told Fox News Radio’s “Fox Across America with Jimmy Failla.”

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image