Jamie Dimon
speaker
1,379 appearances
70 recordings
17 series
first heard Sep 2024
last heard 16 Jul
Jamie Dimon’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 54 in all, peaking in Jan 2026 with 25.
Appearances
So it did stop that.
And I would have thought that it gave other people other time to clean up their act.
So literally six months later, I would have thought some of these other firms had more liquidity, more capital, and were a little bit more prepared for what might be happening.
We already had the stress in the system.
You saw it already.
It was going to mount.
It wasn't going to go away.
There were tremendous losses coming.
So we bought it, and it probably did help.
In hindsight, it didn't stop the crisis from unfolding.
We bought it, and then like a week later, we changed it to $10 a share.
It had been at 120.
And the way to think of it is, it was 300 billion of assets.
It had a $12 billion tangible book value.
We wrote off the whole tangible book value when we bought the company.
We had to liquidate the loans.
We had to hedge stuff.
We had severance costs, lawsuit costs.
And we basically used all that.
So we paid a billion dollars for a company that had been worth
Showing 941–960 of 1,379 · page 48 of 69
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