‘Another weight on the scale’ towards recession: Dimon on recent banking turmoil
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- čas přidán 10. 09. 2024
- Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. #CNN #News
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Don't believe a single word that comes out of Dimon's mouth.
I blame Con Man Joe Biden
I blame Biden! Worse president for our economy and foreign affairs. He's destroying America and building China because China OWNS him.
@@callmethebreeze1297 go give your money to the known con man from NY.
@@d1nonly14ever3 Who Bi DUM
Jaime Dimon is exactly part of the problem. He's had this thumb on the scale for so long people don't even notice that he's lying
No. I disagree! Biden is creating this bad economy! But he's helping China's economy! smh.....
You nailed it!!
Prices have been going up since Jan of '23 and as a result many people's quality of life has diminished.
He represents the rich, not the average person.
The real question is how many times does Jamie dimon need to be proven wrong before people quit listening to him
He hasen't been wrong in the eyes of the rich.
@@johnbrown6189 the Rich elites are mostly liberals
There is no plan, not for greenhouse gases, as long as energy is needed to keep the show on the road.
Who wants a country where everyone votes & that is your quality control? There is forever a Christian, authorized by himself, boasting certainty about directions from fantasyland.
TRUMP IS A GREAT CONGRESSMAN AND A BIG ASSEMBLYMAN.
I blame Joe Bidum
A broken clock is correct twice everyday. Eventually Jamie Dimon will be right.
"It also creates unintended consequences "
Hes essentially saying that even if you make new laws, we will try to find way to subvert those laws
McK McK, Every mass shooter and career criminal agrees with that statement!
It is how business go they will anything that is possible to make extra money. I think i saw some business commentator said the same thing will do everything possible within the boundary to make extra bucks. If the regulator said nothing the bank will do it.
@@AnhNguyen-hn9vj Biden is the cause of all this!
FJB
This is the same guy who said in 2006 it was impossible for there to be another great depression because private bankers know how to stop it. Then 2008 happened. So much for master of the universe Jamie Dimon.
This is Biden's doing!
2008 sucked but was nowhere near a great depression. Not defending the guy, I don't know jack about him
FJB
@@Roundexceptwhereflat FDT F MAGAT's
@@Mike-ye8qv Because the federal government which, most right wingers hate, bailed out the banks. That's why there wasn't a depression. 2008 and 2020. That's the republican record in the 21st century.
2021 deregulation is what happened. Every single time banks are deregulated, the CEOs write themselves multi-million dollar bonuses and put clients money in risky strategies to try and make themselves even more money faster. Every. Single. Time.
One of President Biden's poorer decisions was reappointing Powell as head of the Fed. That left Powell in a position to continue the deregulation agenda he was appointed by Trump to pursue.
Bailing out is the real problem .. if you fail and go away it's a good learning experience for others not to make ridiculous mistakes
Ask him about the card scammers and how they step up to protect their customers and make them whole!!! Huh?
JP Morgan is worried about "quantitative tightening". Big surprise. No more free money to the banks! The horror!
Why isn’t the media asking about the federal regulators? Where were they? Why did they not prevent this bank collapse? According to media reports, the members of the bank, CEO and board were less than experienced in matters of banking. This is clearly a failure of the bank regulators and we need to ask where were they? What were the banking regulators doing?
Are you new on this Earth? Have you heard about deregulation under Trump's administration?
There has been weeks-worth of discussion on how particular steps by these particular banks would have triggered a review before the deregulation.
The"regulators"...are just-Regular-guys....For the(bankSter)elite-Rich . 🤑🤮🤮
Democrats said this would happened with Trump's deregulations.
Bush Jr. Crashed the economy in 7 years Trump did it in 4.
People don't learn and continue to vote for the ones who cause the economic problems in the US.
Not for nothing, but the Federal Reserve adjusting interest rates in an attempt to control inflation is a bit too old and antiquated to account for the dynamics of a global, and no longer regional economy.
It simply isn't viable anymore.
It stuns me enormously the way that I go from carrying on with a typical way of life to making over 63k each month
I've gleaned some useful knowledge throughout recent years that there are a lot of plenty opportunities in the financial markets;all it takes is just to focus on the right thing. Credits to Gregory Thomas Patchak
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I agree that this bear market has contributed significantly to the growth of my portfolio. In a short amount of time, I was able to increase my capital from 20K to 160K. I essentially was just following Gregory’s instructions and directions.
He’s desperate for a recession. He wants people out of work, fighting for work
Nope. It's a failure on Biden's part!
The older I get the more I realize how many of these geniuses are flying by the seat of their pants and throwing crap up against the wall to see what sticks
You can't say Dimon without thinking Epstein.
The best for all , is to get rid off the Banks systems. Believe or not
THANK YOU Jaime Dimon. That's what I've been saying for years. " stop playing with country's. Who, don't want to play nice. Stop NAFTA. BRING AMERICAN JOBS BACK HERE.
Poppy Harlow is one hot and smart reporter
*SIMPLE SOLUTION* nationalize all banks. Treat banks as an essential service too vital and too dangerous to be left to the greedy private sector. No profit. No bankruptcies.
I dont see how a movie marathon will solve my problems
We also have water that is becoming less and less 'potable'---safe to drink, air that is filled with heavy metals and other toxic substances and food that has been so badly adulterated--'poisoned' that consumption of which is slowly killing us. There is so many chemicals that have been introduced into our air, water and food that the FDA/EPA have (long ago) given up trying to keep up with their unauthorized usage! So much for "the most developed country on earth".
TRUMP 2024 🙏🇺🇸❤
Nice puff piece on the very person who lets this kind of stuff go on. It's these types of people that need to be eliminated from the financial industry. He's only worried about his personal bank accounts and his shares.
Wasn’t it a gal that worked at Chase that got us into the last depression by creating CDO and Mortgage Backed Securities? Now you’re asking HIM to comment years later bc Chase bought some high cost debt so they can profit?
How is this guy still not in Jail?
Same way Biden isn't.
Wish that scale was more visible
Did he weigh in on Epstein funding and banking 🧐
Put your money under the mattress. It would be safer!!!!
Lying. He knows he is going down... BIG TIME
This guy again. Why not trot out Summers too?
America, tech is parasiting you.
Why not bailout American citizens?
We're too busy caring about the Ukraine. The Azov Battalion needs more money. Biden has spent or given over $150B to them. And that NY guy, Braggs, he spent $200M just to get Trump and from what I hear, Trump is going to win it.
Instead of the rich cronies who don’t pay taxes?
@@LollieVox Who told you that Lollie.
@@LollieVox how much did Elon pay in taxes compared to you?
I'm practically homeless all over again
If we did what banks wanted to lower “Excess Cost” it would take about 2 days for everything to turn into Looney Toons. One minute your money is there, the next a rabbit has it.
Very good
You guys win you guys kept me poor
Desmond was worried so bad he visited me
I mean no one wanted me when I was 4 ...5 years old .... then you found me
I listen to the real experts who actually know what they are talking about. I've stopped watching just about all of your programming.
You belong with your friend Ghislaine Maxwell
EL PROBLEMA ES QUE CENSURAN LA VERDAD.
GAINING IS STILL HIS PRIMARY GOAL: SO WE SHOULD NOT BE ALLOWING BANKS TO COMPETE FOR LOWER TREASURY LOANS THAN WHAT IS OFFERED TO CITIZENS BECAUSE A CITIZEN WILL NEVER BE ABLE SINGULARLY TO COMPETE WITH AN INSTITUTION: UNLEVELED PLAYING FIELD!
Andrew Garfield is stalking me now jaimie
Wait, CNN is still on the air?
He doesn't like knee jerk, whack a mole, action by the government, on banking. But, he suggested seizures of private property via eminent domain for green energy projects, bc something has to be done now...
My patience is waring thin
This lefty business and government should be more concerned with succession. The country is coming apart. It’s starting in Oregon already.
Yeah listen to bankers about regulation, you may as well ask a murderer what his punishment should be
I'm supposed to forgive my father for abandoning me no blanket nothing
Why would you interview a bank CEO?! Seriously. He’s not an economist for one. Two he’s been screaming fire for years and a recession hasn’t happened. Third he has every incentive to do whatever he can to maximize profits for his company. His $34.5 million salary is just not enough! We have to cut workers wages to save the economy!!
Eat the rich.
Money, money, money, the God of the human race is money, always has been, always will be, greed drives everything.
The economy, after COVID has been out of controlled of world leaders . It's basic understanding if you lose your job, you go to your savings. When you run out of it, than you borrowed,
End Game
She did a great interview very well prepared
I mean I was abandoned once they're prone to do it again
5:03 thinking about the big picture 🫡👏🏿
Office Politics And Toxicity.
Someone fire her
Jamie Dimon and JP Morgan have another level of support as a “too big to fail,” bank.
How can Jamie Dimon be considered a credible analyst when he has skin in the game? CNN continues down a Fox-ian path. Scare, embellish, and clickbait headlines. What a shame
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1
The public knows when their vehicles have recalls…. and whack a mole is right it’s just putting out fires instead of addressing the source.
Dimon and his ilk see us all as utterly disposable worker ants
So do the people who decided to ask his opinion on camera.
And that ilk we call Democrats and RINO's.
@@croaker6099 well yes and no, CNN do less damage to the world than JP Morgan by a long way, and I'm no fan of CNN as a whole
@@edwo6648 yeah because Trumptards are such non elitists, I mean Trump himself in no way has lived a life full of debauchery and complete excess at our expense lol
Don't poke the bear lady
Dad you forgot desmond harrington visited me once before he did ghost ship with Emily
Brics has ended the US petrol dollar, Brazil India russia China Saudi all quitting the US dollar
No, no biden is doing a great job🎉 nothing to see here
PLEASE DONT REGULATE US!
TRUST US TO REGULATE OURSELVES
Haha, yes, let British Petroleum regulate themselves, who cares about a little Gulf Oil Leak? lol
#Justice for Shanquilla
given a long enough timeline at some point he will be right
TRUMP IS A GREAT CONGRESSMAN AND BIG BUSINESSMAN .
Trump is a bankrupted looser 😂
They kicked me out jaimie again
One does not have to listen to this interview very long in order to understand that Jamie Damon is still of the pre-quantitative easing (QE) mindset and the young lady doing the interview talks about everything under the sun EXCEPT QE? This interview is, for the most part, meaningless since the QE subject amounted to no more than - "quantitative tightening" which the interviewer just let slide right by while China, for sure, and probably China's new friends, Russia and Iran, are about to fully embrace QE. As for Damon's assessment that, "we here in America hold a good hand", there are two things to consider with one being the answer to his question about whether India would choose the West over China with his answer being a given that India will choose the West which is nothing more than wishful thinking and the reason why that is wishful thinking has everything to do with WHY "we here in America hold a good hand", which reason is, again, QE, but Damon is in a state of denial when it comes to QE, obviously. The point being that with China publicly embracing QE and then bringing India, and their new friends Russia, and Iran along for the ride, you can be certain that these countries will choose to partner up with China over the West. THIS IS ABSOLUTELY CERTAIN WITH CHINA PUBLICLY ACKNOWLEDGING THE REALITY OF QUANTITATIVE EASING!
Again, the most amazing thing about this interview, is that Jamie Damon, like so many others in the banking business, is allowed to live in two worlds at the same time, with one world being the pre-QE world, but minus the regulations, and then he also lives in the QE era when these lack of regulations lead to bank failures, like the SVB. For the likes of Jamie Damon, it is a wonderful world, but for the rest of us, when the income isn't there, we can't just call up Secretary Yellen and/or Fed Chairman Powell for a bailout, but instead we lose our house, our business and everything else.
WELCOME TO THE UNITED MAFIA STATES OF AMERICA!
The entire explanatory narrative on how and why quantitative easing works is called Equity Spending (CZcams, video 9) or ES, not to be confused with the more politically correct, Left leaning, in my opinion, inferior MMT explanatory narrative on QE spending.
Then there is the very much (cabal/Mafia State) shadow banned/censored/suppressed quintessential literary contribution for explaining how and why quantitative easing works that uses a fictional novel format which storyline is fun to read as well as being profoundly satisfying, even if I do say so myself, titled: (Revised 2nd Edition) "All About Equity Spending... With a Love Story". Finally, there is also the non-fictional Continuing Commentary section between chapters nineteen and twenty due to the uniqueness of the subject matter. Reviews are available on Amazon books and any walk-in bookstore can order this literary treasure. P.O.O.F.O.O.S.I.E.
Why are we listening to our publicly subsidized robber barons?
I am glad the interviewer is pushing against his whining.
*C'mon man! The economy of our country is booming! Where's Jackie!?*
Greed will bring the world to ruins
They're replacing me
BUT, Biden said the economy is great!!!
Great until Trump messed it up 😡
@@theodorejay1046 hahaha bullsjit
Who rolling back the financial system and it's Donald Trump right?
Not covering the triple homicide arrests in Florida I see. Big surprise
Dad 👀 what the hell is she talking about... I'm nice right now
Dude us bound and determined to talk us into a recession.
I blame your boyfriend Joe Biden
We are already in a recession. Can’t you tell?!
@@callmethebreeze1297 My my. don’t you have quite the homosexual fantasies rolling around in your head.
Prison time.
I DONT THINK HOW BANKING CRISIS WAS CREATED IS SOLVED. Otherwise Mr. Jamie Demin sees the world fairly accurately on other issues in this interview.
Which home is he staying in this weekend, we must start the land grab for wind! He gave everything he made away for it! What a guy! Bring flame throwers to get it built faster.
I'm tired of the whiplash
FJB
Brandons recession will solidify Trumps presidency in 2024
Coming in HARD📉
Hmm..he doesn't know if big banks should pay more in deposit insurance? 😅 There is no point in interview the guy. He will never be truthful with the public.
front me the cash, and the data breach settlement
I dont like boats dad
Next guest on CNN: Jeffrey Epsteins brother with advice about Ukraine
Dad my godson monroe rathbone is so cute
this man is a criminal nd should be in jail
So does Joe Biden Con Man
This guy has the most comprehensive knowledge of so many subjects, understanding the need for helping the little guy, paying attention to global politics, the need for some regulation, understanding social issues, and acknowledging how great a country we have, and yet how much better we could be. Run for president on the GOP ticket, Dimon…at least the Dems would have a worthy opponent!
List 10 of those "so many subjects".
@@what8562 if you had watched the video you would already have that information.
Lmao. That's what happens when you hire people based on the color of their skin and their sexual orientation over qualified and knowledgeable candidates. Just Google a picture of the SVB bank employees. Tells you everything you need to know.