JPMorgan CEO sees more bank consolidation ahead

I'm not sure about "jumping for joy." I mean, look at the dressing-down Dimon had to take before Congress, and all that rigmarole about bonuses for firms receiving TARP funds - they took TARP because they were *asked* to, just like they bought Bear Stearns because they were *asked* to. I'm not so sure JPM is so keen to do the government any more favors.
 
...plus, I think the debacle over Ken Lewis being strongarmed by Paulson into buying ML has really cast a light on what happens when Uncle Sam asks you to "do your bit" for the economy. I think there will be tremendous skepticism among shareholders and boards of directors regarding due diligence on financial sector takeovers from now on...
 
Quote from MrDODGE:
JPMorgan-CEO.....will be able to take over more banks....
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Dimon's life mission is to merge all banks into one entity with him as chairman. :cool:
 
No. But at least he is much better than his peers.

Quote from monty21:

Did Dimon see the magnitude of the credit crises? Obviously not.

Would the hell does he know? He's not a psychic.
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Quote from nazzdack:

Dimon's life mission is to merge all banks into one entity with him as chairman. :cool:
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When you are sitting on massive derivatives counterparty risk somehow you always find more appealing a world where everybody merges and there are no failures
 
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