Comments on: Jamie Dimon’s failure http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Yuk Delzell http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-55696 Mon, 20 Oct 2014 08:51:42 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-55696 I appreciate, lead to I found just what I was looking for. You have ended my 4 day lengthy hunt! God Bless you man. Have a nice day. Bye

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By: traduceri romana daneza http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-55049 Tue, 14 Oct 2014 09:58:53 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-55049 I’ve been gone for a while, but now I remember why I used to love this site. Thank you, I will try and check back more often. How often do you update your web site?

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By: Irvin Osbourn http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-54405 Thu, 09 Oct 2014 13:35:04 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-54405 I cling on to listening to the news update talk about getting free online grant applications so I have been looking around for the finest site to get one. Could you advise me please, where could i acquire some?

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By: Andujar http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39059 Wed, 16 May 2012 05:12:21 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39059 What I want to know is who was on the other side of the $2billion in trades. Every article, including this one, focuses on the $2billion as a trading loss, but their is a flip side of that coin. Someone or some company is $2billion richer and who are they? The money just didn’t disappear. So how about some reporting about that? Who made out like a bandit?!

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By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39053 Wed, 16 May 2012 00:35:06 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39053 @Curmudgeon Isn’t it true that most of the proxy votes (that usually decide these things) had already been sent in before the loss was announced?

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By: Bernanke http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39047 Tue, 15 May 2012 22:05:49 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39047 +1 to Ajax420.

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By: Curmudgeon http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39043 Tue, 15 May 2012 18:30:17 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39043 Is it appropriate at this point in the discussion to note that shareholders approved Dimon’s retaining both chair and CEO titles, along with his $23m pay package?

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By: GregHao http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39008 Tue, 15 May 2012 02:42:07 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39008 @KenG – Ah, I see what you’re saying there. Ya, I guess she probably is largely responsible for executing Dimon’s directions so she’s not blameless but certainly she fell on the sword that was meant for Dimon.

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By: melior http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39004 Tue, 15 May 2012 01:44:01 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39004 @JayCM: “Seriously, when was the last time you heard of someone who couldn’t get a loan, who had a reasonable chance of repaying the loan?”

How about this month and every month since late 2008?
Here in the USA (on the planet I live on, anyway) commercial lending to small- and medium-sized businesses was the first casualty of the Bush recession. Alex420’s comment above reflects the same experience that I and every other (non-Fortune 500) business owner I know has been facing.

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By: JayCM http://blogs.reuters.com/felix-salmon/2012/05/14/jamie-dimons-failure/comment-page-1/#comment-39003 Tue, 15 May 2012 00:52:51 +0000 http://blogs.reuters.com/felix-salmon/?p=13998#comment-39003 Chase didn’t loan the money out because they can’t. There are far more lendable funds than there are profitable investments, which is why the treasury rate is so low. Banks are making every prudent loan they can, and (still) more than a few stupid loans. Seriously, when was the last time you heard of someone who couldn’t get a loan, who had a reasonable chance of repaying the loan?

One root cause is the Boomers’ retirement funds. They have to put the money somewhere. Banks could just put it all on deposit at the Fed, but bankers don’t stay employed if they do that. Instead you get schemes like this.

Did anyone else notice how small the profit was? 5 billion profit on 200 billion capital is only 2.5%; not long ago T-bills paid better than this.

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