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Jamie Dimon Will Not Have His Employees’ Balls Examined Every Time They Want To Make A Trade, No Matter How Bad Paul Volcker Wants It

I understand the goal to make sure these companies don’t take huge bets with their balance sheets. But market making? Just like these stores down the street, when they buy a lot of polka dot dresses, they hope they’re going to sell, they’re making a judgement call. They may be wrong! So protecting the system I agree with, but starting to talk about the “intent”…I tell you… for every trader, we’re going to have to have a lawyer, compliance officer, a doctor to see what their testosterone levels are, and a shrink [asking them], “what’s your intent?”. No we’re going to make markets for our clients to give them the best produtcts, the best services, the best reserach and the best prices. That’s a good thing in spite of what Paul Volcker says. [FBN]

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73 Responses to “Jamie Dimon Will Not Have His Employees’ Balls Examined Every Time They Want To Make A Trade, No Matter How Bad Paul Volcker Wants It”

  1. Guesteeculos says:

    Now go home and get your fuckin shine-box!

  2. UBS MD says:

    Where is the Polka dot Dress Sale?!?

  3. guest says:

    I lean toward non -regulation, but in defense of Volker, when the polka dot dress store goes out of business, it doesn't take out the shoe store and pizza parlor with it and make taxpayers pick up the bill.

    • RBS_Quant says:

      Sooo, what you're telling me is that market making is more like a meth lab… When it goes well, everyone makes money. When it goes wrong… well everything blows up.

      -AIG Chemicals Quant

  4. The Truth says:

    We actually do examine employees balls every time they make a trade

    – Ping

  5. uninvited guest says:

    ok we'll skip the balls; go ahead and get out the rigid proctoscope

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