Jamie #Dimon “Impact of Greek Default on US Banks Zero” $JPM $ERO $AIG

The Sandy Weill--Jamie Dimon War Continues Whenever a senior bankster shows up on television to save you and your world, watch your wallet. Sandy Weill, who was THE primary driver to end Glass-Stegall, showed up this morning on CNBC to orchestrate a bit of world banking. He went on and essentially called for the return of Glass-Stegall. That is, he wants a separation of commercial banking activity from other banking activity, such as trading. His paper thin defense for such a change in view: the h...

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2012-07-13T20:34:17Z Two months ago, after Jamie Dimon held an emergency teleconference to fess up about a big problem with traders at the chief investment office of JPMorgan Chase & Co. (JPM) , he acknowledged that he had been "dead wrong" to have referred to press reports in April about the bank's London Whale fiasco as a "tempest in a teapot." Here's another thing he was dead wrong about. The same day as that conference call, May 10, Dimon, JPMorgan's CEO, certified in the company's first-quarte...