If your mother does not understand what you are saying then neither do you.
Friday, March 27, 2009
Janus Dimon speaks with bullisht tounge
Feb 23 -On a conference call Jamie Dimon said the lender was “solidly profitable quarter-to-date” and its outlook for the quarter was “in line with analysts’ expectations.”
March 11 -Jamie Dimon, the chief executive of JPMorgan Chase, said Wednesday that the bank was profitable in January and February, echoing a similar statement made earlier this week by Vikram Pandit, chief executive of Citigroup.
March 12 -JPMorgan Chase CEO Jamie Dimon told an audience at a US Chamber of Commerce event Tuesday that he sees 'modest signs' of an economic recovery.
(Rock on, get them rally monkeys out. Banks are going to the moon baby .... Waitaminnit.-AM)
March 24 -JPMorgan Chase , the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector. "Extraordinary times must call for extraordinary measures," Chief Executive Jamie Dimon said on a conference call. He said JPMorgan was "not asked by anybody" to cut the payout, but did so out of a "normal abundance of caution."
By Josh Fineman March 26 (Bloomberg)
JPMorgan Chase & Co. will delay contributions to 401(k) retirement plans for salaried employees until the end of the year and may reduce the payments, according to a person who received a company memo on the changes.
Workers making $50,000 to $250,000 annually will cease getting the contributions every two weeks and may see the benefits adjusted to a yet-to-be-decided amount, according to the person, who declined to be identified because the New York- based bank hasn’t disclosed the new policy. The dollar-to-dollar match for those earning less than $50,000 won’t change, the person said.
JPMorgan, which is the biggest U.S. bank by deposits and has a global workforce of about 200,000, doesn’t contribute to retirement plans of employees with annual salaries of more than $250,000.
(I'm sure JPMorgan employees appreciate the bosses' abundant caution given that the bank is solidly profitable and there are modest signs of an economic recovery.-AM)