Chase makes 32B Arbitraging interest rates between the Fed rate and credit cards, mortgages, and most other forms of loans. . It's easy profit and the financial sector continues to erode what's left of capitalism. When asked a question about the disparity between CEO pay and employee pay, he completely punted.
Right on! Chase borrows money from the central bank at fractions of a percent and then turn around and charge huge margins to customers for their loans. And banks also lend money they don’t have (look up fractional reserve lending). So the 99% is paying an arm and a leg to buy homes, cars and pay college tuitions to stay afloat while the big banks profit off of us. Then when a recession hits taxpayers bail out the big banks that fail, only to see bail out money go toward huge bonus payouts to CEOs.
A high protein low carbohydrate and no sugar diet would cause health care cost to go down in the trillions of dollars. But you must remember that sugar and high fructose corn syrup and excessive breads and carbohydrates are big business for drug companies and heart surgeons, and the sugar food industry.
With the age of the internet, college tuition should go down as many people can get a degree online. This saves the cost of heat, electricity, and building maintenance.
james rattenborg until the internet fires all the useless college administrators hiring each other for six figure salaries the cost of education will not decline unfortunatelt
@@kiranmkota They also get student loans easily, which allows them to bid up college tuition prices. Now we see schools competing with each other, to see who can have the best pools and rock climbing walls...ridiculous! lol
NEVER believe a Billionaire that runs a bank/brokerage firm that has ties around the world in all countries, whether friend or foe. He is purely a money guy and money is his god.
As is evident from some of the comments here, Jamie gets quite a bit of misdirected hate for the overall misdoings of the entire indutry. Let's be fair. During the 08 crises Chase was one of the cleanest banks (by Lehman standards). I think the man has done a great job as CEO thus far. His level of intellect, awareness and experience is unrivalled throughout the industry. Banks afterall are businesses and must profit to sustain operation. Can't blame him for that. Stop hating on success so that you may have some too.
Andrew Cogger Most big corporations donate to and support political intiatives. Does the banking sector cummulatively have a big influence on policy making? Yes. Can some of these policies subjectively bad? Yes. It is important to note that the political and lawmaking influence is exercised as organizations (ie, as Chase, Goldman or the industry as a whole) and mostly not based on the individual preferences of their board or chairmen. Having heard very many of his interviews and public statements, it is quite evident that his influence on the political and lawmaking front is devoid of bias, personal preference and is for the best interests of the people. I always say to those that have negative opinions about finanace and banking that they should try working in the sector at some point in their careers. It's a lot more than just moving money around and charging money to do it, especially for investment banks. Once again, in my opinion, Chase had some of the healthiest balance sheets and liquidity back in 08, under Jamie's leadership. Contrast it to the way Goldman and Lehman leadership behaved backed then and it'll tell you a lot about Jamie and the rest of the senior leadership's ethics at Chase. The industry does have many drawbacks, but I don't think trashtalking a CEO who is only doing an exceptional role in his capacity is any productive way of fixing it.
@@AlphasPath i think you need to do a little more research, my friend. he's more aware of the public eye than fuld was agreed, but he is by no means clean.
Governments cause inflation by printing money. In reality, things should get cheaper, as with automation, and cheap foreign labor and illegal immigrant labor on the farms have caused products to be cheaper. Money printing and spending beyond our tax base has caused pain on the middle class. Soon the middle class will be eliminated by higher taxes and less pay raises for the middle class. I work in a machine shop and have not had a pay raise in 6 years! Governments can raise the pay for the lower classes by pushing up minimum wages. Cheap foreign labor has caused manufacturing laborers to suffer and not keep up with rising rents and mortgage payments. Remember when you destroy the middle class, you destroy consumer spending, when you destroy consumer spending you destroy the economy as consumer spending drives the economy. Soon Machinists will be payed the same amount as people working at Mc Donalds if they keep raising the minimum wages rents will continue going up and food prices will go up too causing more homeless for the lower middle income people.
Well, you can be a GOOD,positive influencer or a BAD, negative influencer, Diamond, his WHOLE bank and ALL the other investment banks DEFINITLEY on the the BAD side of influencers!
Jamie Dimon: ''We are doing quite well'' Facebook coming out with Libra and cryptocurrencies on the rise again... In the back of his mind he is like: ''We're fucked''
Bank gonna currufting me if you pay me on 10% by we duel my invioice that i own on mac book air but you ignored it and stolen my information about the new version product that i show you but you peek it me on your boss never can get sound of me when i try to ask about my 10%
I try to work with you american not laos operation but you thivef too over again and again about infermation all whole and korean try to destroy my phone all by virus computer on phone board
This is what a billionaire bum looks like. At the helm while jp Morgan went broke but for the socializing of the fraudulent debt they incurred, which the American people are paying for. What a guy NOT
San fran/NYC vs Midwest rates, if you set federally then you fuck over LCOL or HCOL areas. Therefore, you go to the state and local level so you have a opportunity to calibrate based on the COL in the area.
I swore never to watch anything from Yahoo Finance. Who is this interviewer? Didn't he come from Fortune Magazine, so now he's doing this. What a downgrade. He doesn't know how to ask questions.
Yeah, because the people that control the financial system (people such as the gentleman being interviewed) are just going to let an unregulated, non fiat currency dominate their industry
Jamie Dimon is one smart guy. If this guy was president and sincerely focused on improving the country, he could do wonders with his mind and leadership ability.
You have to use tax to use to pay leon millitary you didn't use betnetfit or cash of cusse you can brek it on you goverment so you know the war rate you use tax saraly dont use benetfit on you owner stock on that company so why you worry about the finaince cash
