by ReutersTV
JPMorgan Chase & Co. CEO Jamie Dimon told a Washington audience he wanted to set the record straight on the bank’s 2008 Bear Stearns purchase, which he said was done as a favor to the Federal Reserve. Dimon also commented on the looming fiscal cliff and the Volcker rule in a wide-ranging discussion at the Council on Foreign Relations.
image: AP
“Badda-bing, I might not’a done Bear Stearns”. What a schmuck.
Video link Reuters:
http://www.reuters.com/article/video/idUSBRE8991CE20121010?videold=238318578