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Archive for March, 2009

TIDING OVER THE TURMOIL

Monday, March 30th, 2009

2bChief of JP Morgan Jamie Dimon is a person who many have called the superhero of this global financial crisis. Jamie Dimon has ensured that J P Morgan is not only the biggest bank in America with a market cap of about $150 billion but is also one of the safest banks on planet today.

Dimon avoided JP Morgan taking on sub prime loans and all those derivatives. In fact, that is what makes it so much safer and different from all the other banks.

He has also acquired many major banks and firms recently to make J P Morgan the biggest bank in America. Jamie Dimon is also reported to be at the heart of negotiations with the US government and has been involved in many of the government’s rescue plans. So there’s no one else who knows about this crisis and what to do about it better than Dimon.

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