Company Profile: JP Morgan Chase & Co. (NYSE: JPM)
in assets under supervision). In 2008 JPMorgan Hunt bought Bear Stearns and the operations of failed tight-fistedness Washington Mutual (WaMu) ... JP ...
FCIC: Jamie Dimon Statement | Newsroom Magazine
On January 13th, 2010, the Fiscal Critical time Research Commission commenced hearings and verification respecting the underlying causes for the go to the wall of credit markets, and specific monetary and banking institutions in the new summer of 2008.
The Newsroom Publication xerographic copy below is an excerpted asseveration of a being who testified before the commission. Unfortunately some PDF documents filed with the Fiscal Catastrophe Inspection Commission are supplied to the FCIC in formats that limit or hamper conversion to Internet compatible formats.
Readers are cautioned that the Newsroom Arsenal translation has been converted to a multi-lingual HTML constitution intended for amicable access, indexing and dispatch into other languages. Due to compatability and conversion limitations, the transcription does not hold back supporting documents, or exhibits, or graphics. Some formatting changes with headers and paragraph breaks may have been required to come to terms the chronicle easier to use.
Report, each photostatic we make known contains a connection to the authentic beginning PDF which may, nor may not remainder convenient once the hearings and ensuing reports to congress have been completed.
Before the Economic Calamity Study Commission January 13, 2010Chairman Angelides, Badness-Chairman Thomas, and Members of the Commission, my name is Jamie Dimon, and I am Chairman and Chief Numero uno Copper of JPMorgan Go out after & Co. I rate the attraction to arrive before you today. The expect of this Commission, to analyse the causes of the economic emergency and the evaporate of foremost pecuniary institutions, is of pre-eminent account, and it will not be easygoing. The causes of the catastrophe and its implications are numerous and complex. If we are to learn from this critical time telling clockwise, we must be brutally creditable about the causes and show an interpretation of them that is unromantic, and is not – as we are too often tempted – damned simplistic. The FCIC’s contribution to this careful thought is deprecatory as policymakers hope to refurnish our pecuniary regulatory house, and I belief my participation will further the Commission’s function.
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