Streams

Episode #4

The Truth Behind What JPMorgan's Jamie Dimon Said, Facebook Goes Public

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Thursday, May 17, 2012

JPMorgan Chase’s CEO Jamie Dimon called concerns about a massive trading bet a “tempest in a teapot” last month.

Now that it’s cost the bank more than $2 billion and counting, Dimon has admitted he was “dead wrong” to have made that statement.

Some shareholders, however, say he was worse than wrong; he was deceptive.  And they’re suing. The question of culpability hinges on where the legal line is draw, and how much bluster is too much.

Plus: As Facebook goes public, it will set a record with a valuation of $100 billion. A look at whether being Facebook’s friend is worth it.

And Rana Foroohar with Time and Joe Nocera with The New York Times  run down what they’re watching to make news in the weeks ahead.

Hosted by:

Jeff Greenfield

Contributors:

Rana Foroohar and Joe Nocera

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Comments [1]

Kenneth Bennett Lane, Lake Hiawatha, NJ from Richard Wagner Music Drama Institute, Boonton, NJ

IF YOU CAN'T TRUST JAMIE DIMON, WHO CAN YOU DEPEND ON, HOW CAN WE SECURE OUR INVESTMENTS ?

We live in a world where money may buy the presidency of the USA, where nations observe bestiality and mass killings of innocents, but are afraid that their trade relations might suffer if they intercede. What may yet save still greater calamities is the sophisticated technologies that enable people to reach out to others worldwide to alarm others of all sorts of misconduct. YAHOO, like its competitors, will always need to repair their image and to offer what the public requires. My own background and activities have been somewhat marginalized by the commercial interests that seek to foster their own projects and to limit the cultural achievements from being known to the young in particular and to make the major cultural institutions fight amongst themselves for any financial support. In this respect Germany, Austria and the Scandinavian countries value far more their own heritage than "we" do our own. WAKE UP AMERICA and salvage our possibilities for artistic growth and recognition. I am a Wagnerian heldentenor and the director of the Richard Wagner Music Drama Institute, where professional actors are trained for the Shakespeare roles and big-voiced singers are coached in the Wagner roles and voice production and dramaturgy techniques. My next concert in New York will be on Saturday, June 9th at the YOGA EXPO at the New Yorker Hotel . The title of the concert is 'BRING HIM HOME, with that song from the musical LES MISERABLES, encouraging the return of our armed forces and inspiring hope and love of country with This Land is Your Land, The House I Live In, Climb Every Mountain, You'll Never Walk Alone, The Impossible Dream [the Quest], Granada, Wien, Wien, nur du allein, Kumbaya, Billy Bigelow's Soliloquy from Carousel, New York, New Yprk, There's No Business Like Show Business, Empty Chairs at Empty Tables, Do You Hear the People Sing?, When Johnny Comes Marching Home Again, Memory, Music of the Night, Dein ist mein ganzes Herz, Donkey Serenade, and Earth Anthem.

Jun. 01 2012 07:45 AM

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