Capital controls replaced with declining exit levies. Eligibility of nine banks for joint recapitalization with government announced.
October 03, 9: The government knows this, by the way, but we still haven't fixed it. Ryssdal spoke with Dimon for about 30 minutes and covered a wide range of issues — including interest rates, wages and the financial crisis.
It does not mean I have to run in panic. We saved a lot of companies in this crisis and a lot of things are to help facilitate orderly markets, etc. But you should always be asking that question, where's the next problem coming from?
It will be different from the last problem. Jamie Dimon, welcome to the program. Happy to be here. Thank you for having me. So I was reading all this stuff on you before I came to sit down.
And I was trying to figure out how a guy from Queens grew up to run the biggest banking company. And here's what I came up with, and I'd be interested in your take on this. And you're smiling now. I think it's because you're careful. I think it's because you're super cautious.
What do you think? I am partially super cautious. And I always tell people at the bank we spend more time at risk mitigation than taking risk, trying to figure out how we can serve our clients and minimize the risk that that creates.
But I do want to point out I came from Queens. My grandparents were immigrants. But my grandfather started at a bank, the Bank of Atlantic, which is partially owned by the Greek National Bank at the time.
Eventually after World War II, became a stockbroker. My father became a stockbroker, and I read like Graham and Dodd in high school. So when you were a kid, you were in this. Yeah, I liked it.
I have two brothers. I have a twin brother who became an educator and an older brother who became a physicist — a real physicist, Niels Bohr Institute, IBM Labs, etc.
I was the only one who was interested in what my dad was doing. Do you think people understand banks in this economy like you understood banks when you were a kid? People understand banks as a consumer. So, you know, if you've taken a mortgage, you have a checking account, you have a business, you need a loan, if you're a large corporation, you have to sell equity and debt, that they understand.
They don't necessarily understand the inner workings of a bank. Well, it does to me, but I don't think it should matter to the customer, no. What the customer wants is a good experience, and, you know, a good credit card and a good … yeah. Yeah, but does it matter whether American consumers understand the way the financial system works?
I think it matters that they understand how business in general works. So if you don't have a financial system, you don't have an economy.Why does a crisis in the financial sector spill over into other industries?
As mortgage-backed security delinquency rates rose. This fall led to the questions about the solvency of investors.
The Financial Crisis. Securitization refers to the process of pooling mortgages or other types of loans and then selling claims or securities against that pool in the secondary market.
Why does a crisis in the financial sector spill over into other industries? Financial and corporate sector weaknesses played a major role in the Asian crisis in These weaknesses increased the exposure of financial institutions to a variety of external threats, including declines in asset values, market contagion, speculative attacks, exchange rate devaluations, and a.
Why does a crisis in the financial sector spill over into other industries? Students also viewed these questions Why do you think so many pieces of important legislation related to financial markets and institutions were passed during the Great Depression?
Why does a crisis in the financial sector spill over into other industries? Your broker calls to offer you the investment opportunity of a lifetime, the chance to invest in mortgage-backed securities.5/5(1).
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