the chances that the next president will be a democrat. yeah. this is a ridiculous thing for republicans to be doing. they can t accomplish anything except hurt themselves. keep it coming. chuck, what are you working on for sunday s meet the press ? we re going to have a few candidates on to talk post-debate. i sat down with jamie dimon, ceo of jpmorgan, we were in detroit. the vice president was in detroit yesterday. there s a lot of really? it s interesting to watch the vice president do some official duties around the country. and then you ll hear from democrats in those cities that perhaps had conversations with people associated with the vice president. it s always he goes to a city, he leaves, and i m sure mark has been experiencing this too, where you get some chatter from local democrats on the ground. hey, i heard x, i heard y, and he supposedly talked with z. look, the one thing about it is, biden s preparing. whether he runs or not is a
at the peak it was 12% of the total market float. that was the boom and when it comes to handling the bust, the parallels continue. on october 24th 1929. otherwise known as black thursday a dproup of top american bankers met in this building 23 wall street. then the headquarters of jpmorgan. they agreed to pull their resources to prop up stock prices. now almost nine decades later, 21 chinese brokerage firms are doing almost exactly the same thing. in china s case the government enlisted its brokers to buy stock to support prices. in 1929 the market crashed again four days later. what happens next in china is open to debate. and leeanne lee is the author of who the u.s. can learn from china. she says in this case the reverse maybe true. certainly the china are studying the history there as well with. it is possible it will work in
reflects the relations of today. it s otherwise about as low as it gets. president obama cancelled a trip to moscow where he was going to have a one on one meeting with vladimir putin. there s nothing they can agree on. since then, putin became they don t see it the way we do. we don t see it the way they do. we have a hard time meeting in the middle. coming up, senator elizabeth warren calls for a new crackdown on financial institutions pointing to the ceo of jpmorgan.
ceo of jpmorgan has repeatedly said one of things he did was try to rescue the financial system in 2008. if you remember, there was a big crisis at the time and this was something done as a favor to the country. well, what s at issue here is there s also mortgage securities jpmorgan itself was selling. so the government says, look, we re trying to cut a deal whereby you can get out of these legal problems, and they don t want that jpmorgan should be able to go back to the fdic and have them be reimbursed for evan perez, thank you. each and every week, we take a closer look at one of the top ten cnn heroes of 2013. so this week, we meet robin emmons who created a unique solution for people in her north carolina community to get access to fresh produce.
law. and unequivocally last year, a set of trades that were done by a group of jpmorgan traders in london that used derivatives and mortgage instruments, the same stuff in 2008, lost $6 billion for jpmorgan. people are still trying to get their heads around it. this was internal bank trading. this wasn t trading customer money explicitly. it was trading the bank s money to increase or decrease their capital and they blew it. and jamie diamond, the ceo of jpmorgan has been very explicit of, we blew it. we made mistakes. and one of the folks in the banking business that s generally held up as a finance leader that everyone else should emulate in the industry. why should the average person care? there are two things going on. one problematic and one even more problematic. the problematic for my perspective is judge jpmorgan is a privately held bank that lost