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Our senior correspondent Charlie Gasparino is standing by outside of the senate banking hearing we're Jamie does this -- -- -- to send you -- them rally.
Well I did kind of run into -- is.
Camping out outside his alleged hotel room all morning which she didn't show up at so that's that was a little bit of trying to experience but I before we talk -- it will plot toss that -- amid a but I want to say a couple things here.
One of the reasons why these senators did not lay a glove and Jamie Dimon.
This is not that much to lay a glove -- I disagree with whoever -- just said this is going to be a ten billion dollars.
Everything I've talked to is you know if it goes a little bit above five that's where it is -- it that's a loss but they're still gonna make money.
-- this is not a bank that's in in trouble and that's the problem that these guys -- they just.
Basically tried to cross examined the best risk manager -- business better than anybody.
We've ever had on a show.
And if any of those guys -- there he would have made mincemeat out of them like he made mincemeat -- -- these guys one of the interesting thing was I was in the room I listen to it.
I could use a couple Red Bulls because sometimes -- -- you know -- sounded a little bit like.
But -- words.
I did manage.
A Fox Business 37 -- 32 exclusive.
Which Jamie Dimon here's what here's what he have to say.
And softening -- to -- Did you get that.
That's like average -- got -- a great yeah we heard it but I mean do you know him.
He's not softening are too big to fail that was a joke finally have you noticed.
For a change Jamie Dimon didn't did not take a joke but it would Diego the -- seriously if you have been.
Un repentant they're Charlie that would -- yeah yeah.
I think you're -- know him very well Charlie obviously this in the -- in your opinion that it pays he had an uncertain.
Better well -- -- what is supposed to use that as the CEO and.
There is -- on -- guys there's not that much here I mean as a hobby out of -- -- there's possibility that this page when it -- -- is gonna cost.
-- okay let's just say it does cause some ten billion that somebody said before.
OK so then they make.
A little less money this year -- one of the things you have to do is put this in perspective.
Every business will lose money I guarantee it.
Some businesses because of this scale when they lose a lot it doesn't matter that much that's this one the real question is -- say this is where.
He started get interest -- but again they didn't really kind of focus on this.
You know he it seems to me who Jamie Dimon who's -- longtime proponent.
Of the make bank supermarket bank model he helped put together Citigroup.
Obviously JPMorgan -- is in that vein is now the biggest bank it does everything from securities to commercial banking.
That's where he seemed to change his tune.
And it's something -- reported on the Fox Business Network yesterday.
Daddy daddy may show the pros and cons of the mega banks are kinda said that today it's interesting that he's changing still -- and I will say this.
Watch that in the future because if and this is -- -- -- Republican state congress both house of congress Rami becomes president Dodd-Frank is likely to go.
If Dodd-Frank goes well then -- -- -- manage these too big to fail banks he got to make them smaller.
And that's about it and but it is adjusting he started softening on that although he didn't -- Adams a joke on this too big to fail stuff.
He said essentially that if the -- for bank loses money goes out of business because they took too much risk.
You should go medieval on -- or -- that he said new testament.
Yeah all right thanks very much Charlie Gasparino.
Appreciate you being there for.
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