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JPMorgan CEO: U.S. regulators place banks under assault

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Mortgage Professional America | 15 Jan 2015, 09:02 AM Agree 0
Are banks overly regulated? Jamie Dimon, CEO of the largest bank by assets, said the overlapping efforts by U.S. regulators have placed banks “under assault.”
  • Dominick Sammarone | | 15 Jan 2015, 09:57 AM Agree 0
    Beats jail time I guess... No tanning beds or room service in jail.
  • JOHN DURHAM | | 15 Jan 2015, 10:09 AM Agree 0
    Jamie Dimon isn't in jail is he? Okay, then. Enough with the too much "bank regulation" crap from our Nations foremost criminal.

    JPMorgan is insolvent and thanks to the FED is one of the TBTF banks have stayed afloat by bleeding $25Trillion (ie, $25ThousandBillion) from the American economy. Oh, yeah. Banks sure are over regulated. This is a transparent screen covering the fact that his kind of banks are doing nothing with their money except gambling with it.

    Their actions have let to the decline of use of the dollar in international trading, being replaced by (discounting gold & silver used in trading, ie, Turk & Russia oil trades, etc.) Chinese, Russian and national currencies. Because of the FED putting US Treasuries behind $1.5ThousandTrillion ($1.5Quadrillion) in derivatives, the central national banks are moving into the gold backed BRICS currency (temporarily, the Chinese Yuan).
  • Cheryl M | | 15 Jan 2015, 10:10 AM Agree 0
    A little taste of your own medicine Jamie. How do think all those homeowners you assaulted feel. 2 bad..Right?
  • qualityquest | | 15 Jan 2015, 10:18 AM Agree 0
    Over regulated? These are the same banks that are exempt from so many of the regulations and requirements that apply to brokers and private investors because, allegedly, banks are "more professional". Yeah, right.
  • | | 15 Jan 2015, 10:30 AM Agree 0
    Jamie, what a cry baby!!! I guess making 4 to 5 Billion dollars in profit a quarter does not compensate for the complications of the audits. Better call the Whaaaaambulance!!!
  • ACR | | 15 Jan 2015, 10:33 AM Agree 0
    All those homeowners he assaulted? All those homeowners he forced to take mortgages they couldn't afford? You're all delusional.
  • Alex V. | | 15 Jan 2015, 11:00 AM Agree 0
    Wouldn't have these problems Jamie if you would have run your company ethically and honorably. Put your baby blanket away, put on big boy pants and stop whining about the mess you created.

    What is "Un-American" is to screw your fellow Americans by illegal foreclosures and creating mortgages that caused this mess. There is nothing un-American about trying to protect the taxpayers from crooks like Jamie Dimon the "teflon queen" who blames everyone else for his problem but never does anything wrong himself. Karma, Jamie, Karma!
  • Wm Matz | | 15 Jan 2015, 11:51 AM Agree 0
    Exactly, Alex. JPM whiz kids came up with the derivatives that caused the RMBS market to go ballistic and throw underwriting out the window [see Fool's Gold by Gillian Tett]. Dimon should look in the mirror; he was saved from his own foolish decisions by the taxpayers. Chase [and the other Big Banks] have repeatedly violated the law in foreclosing on homeowners, finally resulting in the 2012 National Mortgage Settlement, which they still violate. But when the AG of the US says there will be no criminal prosecutions, why comply? IF JPM/C were held liable for the full extent of the damages it caused, it would go out of business. Perhaps we should pay more attention to my classmate Richard Fisher, President of the Dallas Fed Reserve, who says, "2 big to fail is too big to exist."
  • gh | | 17 Jan 2015, 03:11 PM Agree 0
    interesting how the brokers were the ones that were affected the most by the DODD FRANK. How is it the banks can still bleed the public, hide behind the AMC's blame it on USPAP (when it is to their advantage run up costs to the homeowners) yet the brokers are the only ones that are supposed to have fingerprints done , testing, continuing education, re-run personal credit, due annuals for both the NMLS and State entities yet Jamie Dimon is over regulated and now the Credit Unions have taken part of the business? Anyone remember when brokers did more business than lenders? This is because we assist in helping the client get better scores and programs and actually know what to do. Anyone ever walk into a branch of a bank only to be told by their "mortgage officer" they don't even know how to calculate APR????? This time old Jamie has no one to blame but himself. Anyone remember what his BONUS WAS? Doesn't he sit on the Federal Reserve Board? I was always told not to wish bad things on others but everything eventually comes full circle. Hope he gets termites!!
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