Friday, June 3, 2011

AS SEEN ON TV: JAMIE DIMON

JAMIE DIMON

AS SEEN IN:
"Too Big To Fail"

AS PLAYED BY:
Bill Pullman

From Wikipedia:
James "Jamie" Dimon (born March 13, 1956) is the current CEO and chairman of JPMorgan Chase & Co, and previously served as a Class A director of the Board of Directors of the New York Federal Reserve, a three year term which started January 2007. Dimon was named to Time Magazine′s 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people.

In March 2008 he was a board member of the New York Federal Reserve Bank and CEO of J.P. Morgan and made decisions in connection with the $55 billion loan to J.P. Morgan to bail out Bear Stearns.

Following the acquisition of Washington Mutual by JPMorganChase, President Barack Obama had this to say about Dimon's handling of the real-estate crash, credit crisis, and the banking collapse affecting corporations nationwide, including major financial institutions like Bank Of America, Citibank, and Wachovia:

"You know, keep in mind, though there are a lot of banks that are actually pretty well managed, JPMorgan being a good example, Jamie Dimon, the CEO there, I don't think should be punished for doing a pretty good job managing an enormous portfolio."

We've got one more ASOTV showcase to do from this HBO movie, but it's the only one that needs a Toobworld splainin. I'll write it up over the weekend and have it available on Tuesday.

BCnU!

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