This page has been archived and commenting is disabled.
Live Webcast Of Jamie Dimon Hearing
The crony capitalist show must go on: those bribed by Jamie Dimon are about to ask question of the same person. That this theatrical hearing will be a farce is by now well known by absolutely everyone, as confirmed by the rumor that late last night someone ordered 22 copies of "Credit Default Swaps for Bought and Paid For Senatorial Muppet Idiots" from Amazon.com. In the off chance Dimon slips and does say something of significance, here is your chance to follow the next 2 hours live. Everyone else will be.
Live C-Span webcast at the link below and full prepared remarks here:
And as a reminder, here is who is asking the "questions."
Finally, it is truly hilarious to watch Senators question a bank for assuming it is Too Big To Fail. May we remind the members of Senate of vote HR 1424 aka TARP, which guaranteed perpetual moral hazard? It just happened to pass with a 74 to 25 vote.
Vote summary
| Question: On Passage of the Bill (H. R. 1424 As Amended ) | |||
| Vote Number: | 213 | Vote Date: | October 1, 2008, 09:22 PM |
| Required For Majority: | 3/5 | Vote Result: | Bill Passed |
| Measure Number: | H.R. 1424 (A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. ) | ||
| Measure Title: | A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. | ||
| Vote Counts: | YEAs | 74 |
| NAYs | 25 | |
| Not Voting | 1 |
| Vote Summary | By Senator Name | By Vote Position | By Home State |
»
- 18324 reads
- Printer-friendly version
- Send to friend
- advertisements -
BULLshit!
Somebody beat the fucking SHIT out of that fucking pipsqueek little motherfucker.
This guy can't even read!! FUCKING REEEEEEEETARD!!!
.......... Yeah held back from third grade, graduated to speaker of the made for TV banking freak show.
Did Johnson have a stroke or something? He sounds like a fucking retard.
yes he did have a stroke actualy ;)
call an ambulance that retarded senatard is having a stroke. Kick that guy in the ass. He's talking about 20Million?? WTF that's like talking about fucking pennies!! STFU ASSHOLE!!!!
HAHAHAHA.....
Dimon doesn't even count in millions anymore.... pff a million? That's what i spend at a night out in the city...
Jamie paid the reeeetard more bribe money. He gets to ask most of the questions.
Here's a fucking model for you Jamie, my foot up your tight ass.
The US three ring circus back in town!
Is Senator Tim Johnson retarded? Seriosuly asking. He seems to be very slow.
it certainly seems that as difficult as reading the questions are for him, understanding what he just asked is out of the question.
Jamie has all the answers because he wrote the damn questions.
Change the senatard's diaper please.
What the Fuck? Did Jooo Mishter Dimon accidently lose all the Muppets monies?
Dimon. Why yes, we had an accidental vaporization.. It happens.
Okay, understood.
Jamie "dazzle em' with" Dimons and the Baffle em' with Bullshit politicoes do their thing for the masses, proving once again how much work it takes to accomplish nothing of note.
I wish the Tylers could grill this guy...what a joke
Tyler II..
Mr. Dimon, is it true that your a felonious cock smoker that vaporizes your clients monies?
Yes I am, but it's not illegal to seem stupid as I am doing here today, ask the Senator sitting next to you. England gave me the green light so go fuck yourself.
Lunch at Spargo's! It's on me.
AA+ don't mean sh*t if it's a package full of subprime or mix of souvereigns now does it?
Judging by all the comments asking about Senator Johnson it seems that alot of you just post a comment without reading the discourse that has taken place prior.
Pay attention please.
Sad that he has medical problems, but this man is not capable of doing his job anymore... that is quite obvious.
I agree, but considering all politicians suffer from ASPD I'd say that they all are not capable of doing their job anymore.
Are these two paid off senators SERIOUSLY as RETARDED as they sound?
what a dumb question...yes of course they are
Hey Jamie EAT SHIT AND FUCKING DIE MOTHERFUCKER!!!! LIAR PRICK.
Ah....Dime-bag Dimon; what a colossal putz.
I might be fiddling as Rome is burning, but does anyone else find this hillarious? Our politicians are incompetent morons. They don't even know what to ask. I'm no fan of the bankers but if Jaime Dimon were in charge of financial regulation rather than these dipshits we wouldn't have 90% of our problems.
Exactly. Without taking sides it's easy to just ask, "why have a hearing if you have no idea what you're asking?"
And it's sickening that time and time again, the Jamie's of the world just say that yes, there was risk out of control but NOW we're going to look into it to never let it happen again. As if they just went into business yesterday and have no idea what happened.
i disagree, they have been quite competent at dismantling safeguards and now defending gamers of the deregulated banking.
in my lifetime, political initiated inquiries and studies implemented by politicians have been little more than theater providing cover for perps or the policies positioned for exploitation, plausible deny ability.
My GOD!!!
Did you hear Chairman Johnson????? He sounds like he's brain damaged!!!!
He clearly had not read the questions his staff had prepared for him. He seemed absolutely CLUELESS!!!
And this is the guy who is CHAIR of the Senate Banking Committee???
God help us....
Bullish for " the market", braindead is good... Look out above, SPY 1380 a likely "recovery" target.
It's like listening to a guy in the middle of a stroke, no ad-lib there, read word for word the entire way.
Head of the Committee, WTF!
I really hope things change soon.
Fuck you Schumer!
always nods his head - what a fake hearing
If they REALLY were doing their jobs - they'd get some compliance experts on a panel to fire off questions that really mean something.
As a regulatory compliance "geek" -I'm with most of you - this process is a complete SHAM.
I'd like a few minutes with Satan's minion. I'd love to shoot down his tap-dancing - that arrogant sh*thead.
I seriously don't think I can watch much more --
Oh shit Chuck is trying to ask this guy for advice. There is sometinhg else on the agenda.
Chuck just asked about claw-backs. Will JPM claw-back monies given to the members of the Senate Banking Committee?
JP Morgan have a total derivative exposure of 70,000 billion, $2 billion loss is just the first raindrop before the storm.
Look at Schumer serve up the prepaired questions and points of view to make the sham seem seamless.
Clawback discussion? It's a total diversion. It will never be seen.
i didnt know Schumer was All American softball pitcher.........Fucking scumbag cant even fake it !
Dont be pissed at the fox for liking to eat chickens. The real problem in this country/market is incompetence and corruption with the politicians. Blame the greedy, dishonest, treasonous pricks that bended to the will of Sandy Weill, Jaime's mentor, and disolved Glass Steigle some 10 months after the Travelers Citi merger. Make no mistake, bankers arent ruining this country/market, the politicians and the ignorant proletariat that elect them are responsible. Getting mad at the bankers for taking risk is like being pissed at your dog for doing his business in your yard. Thats what dogs/bankers do
What should our jobs as regulators be? What a fucking retard.
Who knew senators asking Jaime 4th grade questions would be so bullish. Green again!
Theres a great regulation that could help fix a lot of this. If you fail, via trading mistakes or bad investments, you go bankrupt.
Johnson had (has?) some kind serious brain injury.
so what does our wonderful, classy, compassionate senate do?
they put him on fucking display like some kind of circus freak right on c-span.
they throw up a brain damaged senator to lead the way in this "hearing".
why? because that's what Dimon wanted, don't think for a moment this wasn't intentional, that this wasn't orchestrated.
smart, savvy, sophisticated bankster gets "questioned" by brain damaged public representative.
that about says it all doesn't it?
It wouldn't matter who they put up there. Jaime's brilliant. you many not like him but the man knows how to run a bank. We dont have one person, bernanke included, that could competently sit in front of Jaime and take him to task. These assholes dont even know what a hedge is.
Kick the bloody retard out already......what a farce!
they throw up a brain damaged senator to lead the way in this "hearing"...don't think for a moment this wasn't intentional, that this wasn't orchestrated...
Thank goodness for Obamacare. The Honorable Mr. Johnson is starting out on paper but will eventually graduate to the screen. Eventually going to the 2 screen presentation to give the appearance of engaging the entire audience on camera.
Reminds me of The Elephant Man....John Merrick
Parade around the re-tread.....look at what money can buy!
You can tell who's in charge (so far) by the tone of the so-called hearing, every single Senator has laughed so far as if something is funny, someone needs to light a fire under their fucking asses. Are there any authority figures in the Senate? Allowing Dimon to pimp JPM during questioning is unconscionable.
We think you should regulate yourself, but don't lose money. Ok? No further questions.
Charles Schumer looks like Peter Schiffs evil twin and is allready baffled with bullshit. Bring in Peter S. or better yet, get Peter "The Lumberjack" Aerts out of ritirement.
Edit. Yes definetly Peter Aerts. Strong medicine for sick bankers.
http://www.youtube.com/watch?v=xB_eGCLsO-E
How would you like to have a last name like "Crap-o"? -lol
Mr. Wolf, how should I build the fence so you wont each my sheep???
Jamie to Blythe: It keeps silver at $29 during my testimony or it gets the hose.
Thus far, no one has asked precisely when Dimon became aware of the problem, nor how much the potential losses are as of today.
What a surprise.
"He's got a plaid sweater, tan trousers...NO HE'S NOT RETARDED! (HE HAD A STROKE!)....
16 Candles....
and that is who is running S. Dakota....and our Cuntry....
Jamie's citing the Obama playbook...
"let me be clear, none of this is my fault"
Hey, we lost a few bucks on some trades. What's the bfd?
OT,
http://www.reuters.com/article/2012/06/13/uk-syria-economy-money-idUKBRE...
"However, the central bank later denied through state media that any new currency had been circulated."
As long as the markets are green during the testimony everything is going as scripted.
here is my good senator corker blowing the usual fart bubble of cover for the suspect. next he will switch to his second tactic of softballing questions.
now that i have come to know what to expect from corker, he never disappoints me or jamie today..........
Watch it Corker! your bribe is in the dangerzone.
Ops....Wrong therad.
Fuck me! Wrong again.
ITS HILARIOUS. dimon owns them. its a love fest. they are asking big jamie for advice. mr. dimon, oh great mr. banker, please tell us what we should do.....its so complex, help us understand mr. dimon....
We know he owns some of them: bought and paid for -- some of the others are kissing ass to get on that gravy train.
Ok, at least someone seems pissed.
There we go!
The best is when the senators don't even have their mother fucking facts straight when asking questions so he can make them look fucking stupid. The fact of the matter is Dimon is smarter, a better bullshitter, and understands the business infiniti more than these bought and paid for pricks. When asking him questions you need to be very specific and know what the fuck you are talking about. The Senator from oregon was talking about a different company! (GS)
They are cupping his balls now, waiting for a nice fat splooge in the face.
To hedge or not to hedge? Genius Bob! Have you been fidgeting in your seat waiting to get that very clever line out?
The difference between a US Senator and a cantaloupe is that the cantaloupe has a higher IQ and also looks intelligent.....
Cantaloupe's don't take bribes.
senator corker is such a clown
ass clown
To Hedge or not to Hedge.. This is the question.
How 'Bout Zero Hedge bitches.. I can't even listen to this anymore, I'm out..
Their all criminals period with there hands out for softball Q&A.
Senator Schmucker or anyone on this panel will not give Dimon the buissness. Were screwed as a Nation with banks like these.
finiallly menendez attempts critisizing the banker god.
back to sucking the banker tit. you are so big mr. dimon. you are so big! we are just crappy politicians....can we lick your feet.
cant be a mistake that DeMint is on deck after Menendez actually grilled Dimon a bit !
Weren't Dimon and Bernanke born as siamese twins?
DeMint has the knee pads on too.
Demint- Jamie, can I fellate you on tv?
Dimon- No, we have to keep up the charade, I'll meet you in the bathroom after I'm done
Demint- Thanks Jamie, I'll be waiting
was there a question in there somewhere DeMint ????
Demint bought JPM this morning?..how nice. Is this all a ruse to boost JPM stockprice?
JP Morgan has overpaid the Republicans they just sound too puppety
Whore DeMint finally got me to hit the close button on the video feed. I want to PUKE! Now they ask the CRIMINALS how to make things BETTER?
if it wasn't clear before, now it is.
MDB.....Let's put altruistic government types in charge of ending war, hunger and poverty ! Yeah, that's the ticket. a "War On Poverty" ! A "Win Win" ? Monedas 1929 Do Not Deviate From Capitalism's Sacred Natural Law
It was fun watching DeMint fellate Dimon.
DeMint needs a breath mint.
Meanwhile, back at the salt mines JPM algo cut everyone to fucking ribbons in the silver and gold "pits". Up, down, down, up, up, up, up, slam down, down, rally... over and over. Letting everyone know who is in charge... banksters.
Brown sounds like Alex Jones.
So it has turned into a Donkey/Elephant bull shit. They are bums!
Mr Dimon, Sen Brown here, if your company gets hurt it would hurt my voters, so let's make this question reeeeal easy.
and now Colombo steps up to the microphone
Fuckin crooked eye in a trench coat smoking a joint.
i have to admit dimons "i don't know" answer is very skillfully deployed.
mmmmuuuusssstt hoooollllllddd marketttssssss greeeeeeeeeennnnn fooooorrrrrrr testttttttimonnnnyyyyyyy.
SUMMARY of this "hearing": http://www.youtube.com/watch?v=uTmfwklFM-M
Give the governor a harumph
"I didn't get a "HARUMPH" outta that guy."
This was not anticipated. JD " I know nothing."
Jamie should double johanns bribe, he almost apologised to jamie for bringing him there............
Senator DeMint is 100 percent Certified Shabbos Goy. He sucks Honorary Jew (tm) ass with the best of 'em.
So, now we ask felons for their legal advice and policy proposals? Oy vey! Vat a country!
i am no defender of dodd frank by no means but it is pretty clear the politicians are shifing this inquiry from JPM 2B$ error to turning fire on dodd frank and the volker rule.
Gravity....like Capitalism....is inherently flawed....but a little Social engineering will make everything better ! Monedas 1929 Altruism....The Biggest Of The Liberal Lies
zzzzzzzzzzzz zzzzzzzzzz zzzzzzzzz oh?what? Is the "financial tard committee" over yet"
Honestly Officer! I was only trying to help the sheep over the fence!
"Honestly Officer! I was only trying to help the sheep over the fence!"
This is too funny. Maybe because I can visualize J.D. in this situation. Thanks man!
Jamie is the most sincere witness I've ever seen testify, and I can see why he's a CEO. To be able to line with convincing sincerity must be a gift acquired through centuries of genes being developed, there isn't an institution in the world that can train a person to that degree. I couldn't watch more than a few minutes.
Natural to a psychopath or sociopath.No skill required.
Is there a school where they like teach them how to be arrogant lying bastards? They must be making them somewhere in large quantities.
Can we hope? WTF? Oooh they're playing hardball.
How impressive is it that these jokers can suck dick and read the script simultaneously... real pros........titutes.
Well, Jamie is damn good. Totally calm, cool and collected. He comes off with lots of integrity, this is clearly why people think the way they do of him. Yea, he is the man today - he wins, the idiots behind the questions don't have a chance because they are frankly too stupid and too corrupt. This hearing makes the Senate look like just what they are, stupid, corrupt and utterly incompetent.
This is really nothing more than a waste of time, as we all expected. The Senate is clearly playing softball with Jamie and he is carrying an iron filled bat, knocking every question out of the park. Really ridiculous that the banking sub-committee is asking questions about fundamental operations - I would have thought these guys should have some clue about how the banks work as well as the system they work in, you know because this committee is responsible for the associated legislation. Terrible and embarrasing, hard to actually listen to these guys ask such incredibly basic questions. Even the MF Global line of questions were easy to address, no pressing at all. I wonder how the MF Global customers are feeling right now?
Not quite calm, cool and collected. When a questioner is getting to him, his blink rate goes way up. When asked his opinion on some policy and he is not being challenged, it goes down.
Janie looks unimpressed with the peasants.
got that little sneer thing going on. I'd like to slap him
Listening to these retards question him is like bringing in the janitor staff at a hospital to inquire about a botched surgery.
Janitors would be more aggressive.
It was always going to be a total farce.
US politicians and regulators are all totally owned and paid for by banks.
I officially nominate Jaime as emperor.
He sounds a bit like Palpatine doesn't he?
the idea that jp morgan could go down, and the government and people wouldnt pay anything....is this not complete nonsense?
"JP Morgan is not in the hedging business" ?
its getting a little testy now at the end.
merkley has hit a nerve or two. get him merkley dont let the psychopath walk without sweating at least a little.
"Here's the facts" Wow, that man generates dangerous amounts of smug.
Every time I use the ATM it asks the same stupid question- What language would you prefer? FFS ! You'd think after a while it would get the hint I prefer english! Anyway, it seems that banks like to utilize people that ask stupid questions also .
You want to learn Spanish?
Dial customer service and press 2.
Check's in the mail Kay, thanks for placing that softball right over the plate.
Maudlin Muppet theater.
CONgress - the modern American tragicomedy.
The definition of a congress is a group of baboons.
JPM is UP by 2.5% today. My, how unexpected! They're pumping this PoS while scumball Dimon has his asshole licked clean by "senators"
HA!
"Sorry we have to bore you Mr Dimon, but if you can honor us with your majestic presence just a few more minutes so we can entertain The Sheeples watching...."
"We beg your forgiveness for interrupting your Majesty's important schedule...."
why does the one senator read like a 3rd grader? i find that pretty disturbing.
Don't insult 3rd graders that way!
He had a stroke somewhere around 2007. They kept him in there because it wouldn't be "PC" to ask him to resign.
The whole banking and political system NEEDS TO FAIL right now. The sooner the better.
Mr. Dimon says: "thankyou for all your ass kissing and ball licking during this mock hearing; your bribes will be in the mail".
For those who think this Europe thing is just lipstick on a pig.
SPG a good short pattern.
http://oahutrading.blogspot.com/2012/06/spg-short.html
PS steveo back from vacation
A congress who can't profitably manage the country's assets are going to tell the head of a $Trillion bank how to manage his...???
Oh lord, give me proper regulation, make me an honest man...........
........But not yet!
scoring on mornings session
Masters of the Universe - 10
Their humble muppets - 0
That these ass-clowns and idiots would have any credibility to solve any issue clearly is a result of the cherished American delusion that government is necessary to run the country and help the people [oh, yeaaaaahhhhhh].
A proper government would have its representatives meet every so often and the meeting would go something like this: "Are any enemies landing on our shores or about to?" [NO]. Is our expenditure to maintain a minmal military presence less than our revenues? [YES]. This Congress is adjourned - we will meet next quarter. That is about all our Reps are capable of and that is about all we need from them.....
I'm all in gangsta banksta after these mental midget muppet morons.
You've said it all, succinctly, that needs to be said on this 'show trial' ZH
this is a staged farce, as democracy has become