The Shorter Jamie Dimon
The shorter Jamie Dimon from part two of today's Senate hearing on the JPMorgan takeunder of Bear Stearns:
- You people asked us to do this, so don't blame us.
- It was better for you than for us, because we saved capital markets for everyone.
- We could lose money on this, know. Really.
- We worked hard, even staying up late at night for a few days, pulling this deal together, so you have to think of the billions we'll make on Bear on an hourly basis.
- We think of the Fed's participation as skin in the deal. It's not risk -- it's upside!
