The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 12 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dimon: Any 100-person corporate team can run more efficiently with 90
“If I was ready to partner with a hundred people, I guarantee you, if I wanted to, I could run it with 90 and be more efficient. I guarantee you. I could do it in my sleep.”
Dimon: JPMorgan wealth management decision required approval from 14 committees
“Someone told me to approve some of his wealth management that they had to go to 14 committees.”
Chamath: No startup will enter a regulated market and displace JPMorgan
“A startup is not going to go and enter a regulated market and put JP Morgan out of business. Not going to happen.”
Sorkin: Glass-Steagall was driven by Chase lobbying against JP Morgan
“It almost has nothing to do. I don't want to say it has nothing to do with breaking the banks apart for like political reasons, but it actually has to do with business reasons, meaning there was like some major bank money and lobbying going on behind the scene…”
Friedberg: JPMorgan estimates 75% of yen carry trades have unwound
“With this particular trade, JP Morgan yesterday, or a few hours ago, said that they think about 75% of the yen carry trades have now been unwound, and it was at 50% a little over a day ago, so the market has moved to kind of unwind these trades, it seems, and …”
Sacks: Neither political party would nominate a major bank head for president
“And actually I think neither party could nominate a banker right now. I mean, if you saw what happened around the whole banking crisis, That I think is still going on in slow motion. I mean, the amount of animosity, both towards the banks that went under and t…”
Tracey: JPMorgan Epstein settlement totaled $290M with 30% in attorney fees
“So JP Morgan was ended up totaling around two hundred ninety million. And the lawyers end up convincing the judge who presided over this agreement in New York, the federal judge Rakoff to grant them 30% in legal fees or attorney's fees that they claimed.”
Ovitz: Palantir saved JPMorgan $150M in 55 days during 2008 crisis
“And we delivered in 55 days and we saved them one hundred and fifty million dollars to the bottom line in that 55 day period.”
Sacks: Bank of America sits on $131 billion in unrealized Q3 losses
“Bank of America had unrealized losses of a hundred and thirty-one billion on securities in Q-three. JP Morgan Chase had unrealized losses of forty billion in its held to maturity portfolio in Q-three. And Citigroup did not disclose It's losses for Q three, but…”
Major stocks had turned over only 0.5x total shares since peak
“And so far in those stocks, we've only seen half of the total shares outstanding turnover since peak.”