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and then this got really really weird tea party senator jim tune into za from
south carolina obviously republican
he came up with this absurd idea
ek and even
it's it sounds ridiculous but he thought it would be a good idea for jamie
diamond himself coach steve executive of j_p_ morgan chase to guide congress on
how to properly regulate banks now
can you think of anything more absurd this let's look at the video and listen
to the audio of this why are you asking the guy that you brought in
it's shocking how much money one area of the business he manages lost your social
activity them in to testify before you and then you suggest
that he should actually be instructing you learn how to properly regulated
industry but it doesn't make any sense of with some of this worker
uh... asking uh... about the dot trying to regulation which a lot of us are
concerned about
i it
i think a lot of us are frustrated bank managers and wanna manager business
for you and as i've mentioned we're not capable of doing that right what we've
been given
to manage
but i would like to come away from hearing today with some ideas on um...
what you think we we need to do right um...
you know what we maybe need to take apart that we've already done to allow
the industry to to operate better
at the same time not put the american taxpayer risk uh... and really honestly
looking for some
ideas as we look over the next at year end hopefully in a position where we can
make some posterity english
all right so
jamie diamond it looks we can actually freeze-frame it when the camera goes
back to jamie diamond
he's so shocked that anybody here is asking him for advice on how to run the
banking industry
let's freeze frame it on the moment where he just looks completely stunned
lewis
would be easier to figure out what the audio
meredith that's the moment where he has a look at his face likely as i get
i lost bt i can't even tell you whether i lost two or three billion dollars
and you're asking me for advice
on how my industry should be regulated i can't believe this
i'd just can't believe it's as jamie dot it early for three thinking this would
be tantamount to asking al qaeda
to advise the u_s_ government
on proper airline security screening methods the right to know what living
you're bringing in the guy who is the is the epitome of the problem with the
banking system in the u_s_ and you're saying i'd need you to tell me
specifically what regulations may be getting rid of to make your industry
better uh... brunt run better what is wrong with jim demand i don't know
inside of us
wouldn't your average tea party or be appalled that this he doesn't this go
for is in this category against uh...
the sentiments of the tea party in some ways it is but it did the tea party is
it that basically exists against their own best interest so who knows really
where interest on the inside
yami he might be the perfect person ask i mean
you'll remember frank abigail the guy in the real guy who was uh... played by
anthony recovery and catch me if you can
right i mean he was the check fraud guy and they went to him he got out of jail
and now he's like you know he makes millions just advising the f_b_i_ in how
to catch these guys if jamie diamond goes to jail for what he's been doing
this as c_e_o_ of j_p_ morgan case
and then he
that strikes a plea deal to get out if he's will get a sentence reduced if he's
gonna give honest advice that's one thing he's in power know he's making the
millions how do you ask the guys making the millions now
the advise you on what would make it better for him
that the running huge bank momentum on the guy who legally making the millions
at the expense of uh... of the
taxes that yesterday i exactly have this is bogus agenda meant we need to look
into just
when's the last time jim the mentors at a cat scan
that's really the question we should be asking here
because how on card for me i think would show up
using some you there it is the point in would be
okay so that's what's going on ladies and gentlemen democrats and republicans
alike
uh... questioning jamie diamond and let's be honest allot of campaign
politicians get money from j p morgan chase and he's being ***
the salt
what the problem that the banks are just their cell regulated he's not making
enough money anytime anything buys them
on how more income can flow into banks without getting in the way of them
losing somewhere between two and three billion dollars
uh... from one from one area of uh... of of uh... trade