Paul Volcker on Jamie Dimon

  • submit to reddit

JPMorgan Chase CEO Jamie Dimon has been one of the most outspoken critics of the Volcker Rule, a section of the Dodd-Frank Act that aims to keep the banks in which you deposit your money from gambling it on their own sometimes-risky investments. Now Dimon has announced that risky trades have cost his company $2 billion in losses. In this April 22, 2012 Moyers Moment from Moyers & Company, Paul Volcker himself responds to Jamie Dimon’s complaints about the rule and its effects.

Watch the full conversation between Bill Moyers and Paul Volcker.

  • submit to reddit

BillMoyers.com encourages conversation and debate around issues, events and ideas related to content on Moyers & Company and the BillMoyers.com website.

  • The editorial staff reserves the right to take down comments it deems inappropriate.
  • Profanity, personal attacks, hate speech, off-topic posts, advertisements and spam will not be tolerated.
  • Do not intentionally make false or misleading statements, impersonate someone else, break the law, or condone or encourage unlawful activity.

If your comments consistently or intentionally make this community a less civil and enjoyable place to be, you and your comments will be excluded from it.

We need your help with this. If you feel a post is not in line with the comment policy, please flag it so that we can take a look. Comments and questions about our policy are welcome. Please send an email to feedback@billmoyers.com

Find out more about BillMoyers.com's privacy policy and terms of service.

  • Placidpoint

    Guess they made a bad CDS bet on polka dot dresses…Problem being their hedge was covering $100 billion of nonexistant polka dot dresses…I think?

  • http://pulse.yahoo.com/_B5I2GJFNGFQQA36WQ6YMQJMVXM Anthony

    Volker is exactly right. These cretins just want to make bets, keep the winners and shove the losers onto the taxpayers. Maybe Mr Dimon ought to take off his diaper and put on a pair of pants with the other men who are real traders.

  • Mass. Citizen

    Dimon is lying and/or clueless — and certainly obficating the truth. The polka dot dress may be relatable, as these slick people are wont to talk, but it is insulting to our intelligence and the questioner.  now $5 billion dollar JP Morgan Chase actual recent loss — and all the people (that would be us) who are and will be paying for these people’s greed – past, present and future. Yep, Obama is better than Romney by far, but I’m not sure who if anyone is really on our side. They are all bought and getting away with it because most of the media doesn’t spell it out if they cover it all, and most Americans, including the Congress People can hardly do more than repeat cliches about economics – just ignorant.  (Who’s on our side – maybe Moyers and Company! Thanks again, Bill.)