Bear Stearns, every mention
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every year anyone Jamie Dimon 7David Rosenthal 3Ben Gilbert 3
Verbatim, from the transcripts: the passages where Bear Stearns comes up
The Jamie Dimon Interview: How JP Morgan Became an $800 Billion Bank · Acquired
- ▶ 1:55 Ben Gilbert Bank One, JPMorgan Chase, Bear Stearns, Washington Mutual, and First Republic.
- ▶ 36:31 David Rosenthal You get a call from Bear Stearns' CEO.
- ▶ 36:49 David Rosenthal You're buying Bear Stearns.
- ▶ 37:38 Jamie Dimon Bear Stearns went bankrupt.
- ▶ 37:42 Jamie Dimon We had one day, and we needed a Saturday and Sunday, and we concocted this loan, so we couldn't lend the thirty billion, and the Fed technically couldn't lend the thirty billion, but the Fed can lend to us technically, and I can…
- ▶ 38:22 David Rosenthal Right, because you need bear shareholders to approve the deal.
- ▶ 38:26 Jamie Dimon And the worst part of it is I was going to get the lawsuits from the bear holders.
- ▶ 39:02 Jamie Dimon That would have happened with Bayer.
- ▶ 40:48 Jamie Dimon So while we kind of saved the system a lot, we bailed a lot of people out, they made us pay five billion dollars on the more, the bad mortgages that Bear Stearns had done, and that's what made me make the statement I wouldn't do it again.
- ▶ 42:12 Jamie Dimon Before I surrender, I want you to know the circumstances by which we bought Wamuu and Bear Stearns, because 80% of what they're asking for related to Bear Stearns and Wamuu, not JPMorgan Chase.
- ▶ 43:44 Ben Gilbert So, Bear Stearns happens, six months later you get another phone call.
- ▶ 43:52 Ben Gilbert Contrary to everything we're talking about with Bearer, Wamuu is actually a great acquisition, right?
- ▶ 45:45 Jamie Dimon They also know we can execute it, because behind the bare sterns, people forget the work is, the next day, you got 50,000 people consolidating, you know, 5000 applications, branches, compensation programs, uh, you know, settlement…