Showing posts with label politics. President Obama. Show all posts
Showing posts with label politics. President Obama. Show all posts

Wednesday, May 16, 2012

Jamie Dimon: Way too big to fail

Who is Jamie Dimon?

The answer is a simple one. Jamie Dimon is simply Way Too Big to Fail.

Jamie Dimon is currently chairman and CEO of JP Morgan.

Interestingly, Jamie is also on the board of the New York Federal Reserve Bank. A banking regulator and important part of U.S. monetary policy.

Jamie Dimon was a classmate of (now GE chairman and fellow crony capitalist) Jeffrey Immelt while studying for their MBA's at the Harvard Business School. Jeffrey Keith "Jeff" Skilling, former President of Enron and also a Harvard MBA, was not a classmate of Jamie Dimon while at Harvard. Jeff Skilling is currently serving a 24-year, four-month prison sentence at the Federal Correctional Institution in Englewood, CO.

This month, JP Morgan received worldwide global attention for its $2 billion financial market trading loss disclosure. If you have a problem with this trading loss as a shareholder, JP Morgan customer, or a U.S. taxpayer, please remember: Jamie Dimon is Way Too Big to Fail.

On December 31, 2005  Jamie Dimon was named CEO of JP Morgan Chase (NYSE: JPM). One year later, he was named chairman.

When Jamie Dimon began as CEO JP Morgan stock was selling for $39.69 per share. JPM closed trading on May 15, 2012 at $36.24. The 7-year total-Jamie-Dimon-JPM-return is down over $3 per share. When Jamie Dimon began as CEO, JP Morgan was providing shareholders with a 34 cent per share quarterly dividend. That dividend was cut to 5 cents per share in 2009 and is now up to 30 cents per share quarterly.

If you have a problem with this stock performance as a JPM shareholder, again, please do remember: Jamie Dimon is Way Too Big to Fail.



I told you homeboy ( can't touch this)
Yeah, that's how we living and you know (can't touch this)
Look at my eyes, man (You can't touch this)
Yo, let me bust the funky lyrics (can't touch this)



 
  MC Hammer - Can't Touch This

Friday, May 11, 2012

JPMorgan Chase: Billions in Trading Losses

JPMorgan Chase not hedging well at all


One of the world's largest banks, JP Morgan, has reported hedging strategy losses of well over $2 billion U.S.



JP Morgan CEO Jamie Dimon, and Obama Administration insider, said: "This puts egg on our face." 

How did this happen? Why did this happen? One analyst noted that JP Morgan tried to hedge its over-hedge positions. Leverage does as leverage does.

Friday, November 5, 2010

Mortimer B. Zuckerman on President Obama

Mort Zuckerman, magazine editor and Canadian born real estate billionaire on the state of presidential politics in the country:

It was the worst of times for the Democrats and the best of times for the Republicans—almost. The GOP did not succeed in capturing the Senate, or dethroning the Democratic leader, but with an energy boost from the Tea Party movement it certainly reflected the anger and dismay of voters who see their country foundering at home and abroad.


read::: politics.usnews.com