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How Great Was Jamie Dimon's Speech? Just Ask CNBC

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We'll have more on the actual speech JP Morgan Cayne CEO Jamie Dimon gave at a mortgage lending forum in Washington today later, but for those who've been watching: setting aside differing opinions about deli meats, did you agree with Charlie Gasparino when said the fawning from his co-workers at the network over "the Greek God's remarks" was "embarrassing"? As connoisseurs of secondhand embarrassment ourselves, we're going to say yes. Like when Dennis Kneale said that Dimon should "get a job giving after-dinner speeches" 'cause "that's how great he was"? And when the three of them piled on Ben Bernanke and were all "Oh Jamie, his speech was soo much better than Bernanke, you can't even compare"? If this is about distancing themselves from the picture Bryan Burrough painted in Vanity Fair of CNBC as catty, in-fighting, fear-mongering vindictive a-holes, who retaliate toward companies on-air when snubbed by their CEOs, that's fine, but can we at least be a little more subtle about it? More "accidental" gropings, less full on BJs.
Dimon On Regulation [CNBC]


Jamie Dimon To Be Asked Why He Was Running JPMorgan Like SeaWorld, Hopefully

If we're being totally honest, while it had its moments, last week's Jamie Dimon Congressional hearing to discuss Whale Boy was a bit of a letdown, theatrically-speaking. This was probably due in large part to the fact that it was conducted by the Senate Banking Committee, and the Senate typically comes off intelligent and reasonable compared to the House,* and proceeded accordingly. As we surely don't have to tell you, this is not the kind of hearing we are interested in. We are interested in hearings that involve Congressmen and women screaming "I CAN'T BELIEVE YOU HAVEN'T BEEN PROSECUTED YET!!!" at financial services employees and accusing them of dressing up as Girl Scouts in order to deceive the public. We are interested in hearings that involve the use of the term "smart-alecks." We are interested in hearings that involve subjects being told to be more like Magic Johnson. We are interested in hearings that involve subjects who've never worked for Goldman Sachs being grilled until they break about working at Goldman Sachs. We are interested in hearings that involve bath salts, or the suggestion that the people conducting it have taken a bunch of them and at any moment might leap across the dais to eat the witness's face off. Fortunately, we might get the chance for all that and more tomorrow, when Dimon makes another trip down to D.C. to appear before the House Financial Services Committee to talk whales. In House Testimony, Dimon Sticks To Script [Dealbook] *Make no mistake, most of them fell short of becoming Rhodes Scholar Quarterfinalists, but we're speaking in relative terms here.