Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings - 9/22/22

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  • Опубліковано 15 жов 2024
  • The heads of seven of the biggest U.S. banks, including JPMorgan Chase CEO Jamie Dimon and Citigroup's Jane Fraser, are set to testify Thursday before the Senate's Committee on Banking, Housing and Urban Affairs. Other witnesses testifying include Citigroup’s Jane Fraser, Bank of America’s Brian Moynihan, Wells Fargo’s Charles Scharf, U.S. Bancorp's Andy Cecere, PNC's William Demchak, and Truist's William Rogers Jr..
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    Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings - 9/22/22

КОМЕНТАРІ • 490

  • @zacharythomas7036
    @zacharythomas7036 2 роки тому +147

    I love hearing Jamie Dimon speak, absolutely flawless with speaking and his flow of logic

    • @dlcmobaadmin9060
      @dlcmobaadmin9060 2 роки тому +7

      I was only here for the Jamie part.🙂

    • @theodorehaskins3756
      @theodorehaskins3756 Рік тому

      Not to mention Chase’s ugly history of scandalous, radicalized, policies that discriminated against poor and marginalized communities of color.

    • @jl3268
      @jl3268 Рік тому

      Like a true lying criminal!!

    • @zacharythomas7036
      @zacharythomas7036 Рік тому

      @bjmac6609 sadly, after Glass Steagall ended this has been the new reality. Blame the policy makers not the bank CEO’s.

    • @theodorehaskins3756
      @theodorehaskins3756 Рік тому +3

      @@zacharythomas7036 So why not blame both of these entities?

  • @lorax4732
    @lorax4732 2 роки тому +118

    Honestly, the bankers should be the ones grilling congress for their reckless spending habits.

    • @lorifelts6562
      @lorifelts6562 2 роки тому

      Oh but to Dems they are helping the people nothing more, yeah like you said they are wasting money & will never realized it

    • @popweaselcrunch
      @popweaselcrunch 2 роки тому +7

      Are you a bank bot?

    • @SpaceTravel1776
      @SpaceTravel1776 2 роки тому +3

      The bankers and congress you be grilling you on your spending habits.

    • @lorifelts6562
      @lorifelts6562 2 роки тому

      @@popweaselcrunch What has that got to do with this, congress is spending money out the Wanzo, claiming it is helping people, maybe some it is but they act like it's helping every person, & it's not, the gas price has not helped many, if it has come down it still cost just as much to fill a tank, I still pay same amount as I did months ago, No big change but Biden & Karine act like it is such a big deal, for many it's not, saves them maybe a few cents big whoop, a few cent in these times is not worth it.

    • @lorifelts6562
      @lorifelts6562 2 роки тому +4

      @@SpaceTravel1776 I don't have a problem with spending I do very little of it once my bills are paid, & I keep my bills down as much as possible, which is not saying all that much, If Biden & Dems think it's so easy to live on paychecks like mine would invite them to try, & why is SS only done once a month, if they really wanted to help people they would do SS & SSD twice a month just like a regular paycheck, but no it's only once

  • @freeatlast7262
    @freeatlast7262 2 роки тому +104

    Nice to get a look at the people who really call the shots and make the decisions in this world because of course we know its not the bafoons in congress.

    • @rickcaldwell2862
      @rickcaldwell2862 2 роки тому +1

      You would have to get the progressive fascists like Soros, Schwab, Gates and the rest of the World Economic Forum in there to testify to get the people who call the shots.

    • @mikepepper8395
      @mikepepper8395 2 роки тому +5

      Thank god for that.

    • @hondusspa
      @hondusspa Рік тому +3

      The legislative and executive branch has become a big joke here

  • @Technie87
    @Technie87 2 роки тому +30

    "Is Wells Fargo too broken to fix" lmao

  • @KingAngel4Life
    @KingAngel4Life 2 роки тому +29

    Those Bank CEO look like they could care less about anything that’s being said business as usual when they return to work

    • @zacharythomas7036
      @zacharythomas7036 Рік тому

      Keep in mind the House likes to hold these meetings for display. Has any real outcomes occurred after all this info has come to light? Merely tried to patch a gaping wound that was created by the repeal of Glass Steagall with the measly Dodd Frank. So of course you work the system and waste your time explaining to these people why you did what you did for nothing to happen after.

    • @froth7133
      @froth7133 Рік тому +3

      Would you … having people who represent us that can’t balance a budget, create a great education system, manage social security, Medicare, military even the US Postal Service … I’m so sick of our representatives blame everyone else for their massive lack of leadership!!

  • @MrDavidojanpa
    @MrDavidojanpa 2 роки тому +25

    So why aren't the interest rates on savings accounts rising along with the rates hiked each month by the federal reserve board? The money spent on wasteful marketing to try to get customers to switch banks (every month I'm offered $300 by Chase to open an account there) should be returned to your long-term customers as a loyalty reward.

    • @textme9959
      @textme9959 2 роки тому +1

      See me here 👆👆👆.

    • @Tweetogreggieb59
      @Tweetogreggieb59 2 роки тому

      Here's another fun fact the stock market is down because of OG Reggie B. I told you guys, no one's going to get any money until I get mine TQQQ @ 70, 35, 25 and 19. These are all my buy entries they make good trading around information. Don't say I haven't given you anything lately peace✌...

  • @froth7133
    @froth7133 Рік тому +8

    Ugh … having people who represent us that can’t balance a budget, create a great education system, manage social security, Medicare, military even the US Postal Service … I’m so sick of our representatives blame everyone else for their massive lack of leadership!!

    • @absolutepowerchannel8980
      @absolutepowerchannel8980 Рік тому +1

      It's on my bucket list to go to city Hall or parliament and express this as regularly as possible

  • @wwinnar2831
    @wwinnar2831 2 роки тому +16

    I wouldnt trust bank CEO's as far as i could throw them but if i had to choose between them and people like AOC, id go with the bank CEO's every day.

  • @chrisperkins3026
    @chrisperkins3026 2 роки тому +42

    It's amazing how much time is wasted by these elected officials who were too busy to show up on time making many of the questions redundant if not sophomoric in their delivery due to their negligence of previously posed inquiries.

  • @outsidetheboxink
    @outsidetheboxink 2 роки тому +17

    I have been waiting to see these proceedings since 2008, when JPMorgan Chase acquired Washington Mutual Bank for their retail sector at a bargain basement price. I lost my home and job with that move by JPMorgan, as did a few thousand others in my company.
    I declared bankruptcy at 26 years old, after trusting that a bank, my employer, did their due diligence and wouldn't put me in a bad way. I was totally wrong, and I've paid for that for decades. Thank you to this committee for holding true enemies of public welfare and well-being accountable to the broad reach of their respective signatures on the dotted line...profit. To everyone's detriment, excepting their pocketbooks of those of their respective shareholders.
    I wonder, what is the endgame of this monumental competition of corporate greed? At what point will it be handled as a cancer that is killing it's host?

    • @outsidetheboxink
      @outsidetheboxink Рік тому +3

      @@JC_inc I agree it's a show. Made very obvious when all the CEOs started to default their answers to "Same as Jamie."

    • @Yakuzachris10
      @Yakuzachris10 Рік тому +1

      Well it looks like the regulators are in bed with the bankers all along. FINRA AND SEC conspired go help out hedge funds. Who would have thought?

    • @AdlerEinstein
      @AdlerEinstein 9 місяців тому +2

      Washington Mutual Bank was going through a 9-day bank run (totaling $16.7 billion dollars). It indicated a low trust in the company and would've likely resulted in a bankruptcy. While the company was already experiencing heavy losses selling risky mortgages. WMB got you fired, not JP Morgan. Your end was already promised at the business before JP Morgan was in the picture.

  • @tedolsen6251
    @tedolsen6251 2 роки тому +17

    Why does the state of Georgia have 2 U.S. senators on the same committee both of which added no value to the peoples and businesses in the state today? Warnoff doesn't introduce himself and sits behind another members nameplate....read and repeated questions already asked by others and has ZERO knowledge of financial services.

    • @malr1975
      @malr1975 Рік тому

      Ted...good observation. But answer this. How many real Americans get to become Senators? Is it fixed, or could you run for office and as a democratic country, have a real opportunity to win office?

  • @therealrobin
    @therealrobin 2 роки тому +23

    1:22:07 Jamie Dimon is 100% the Professor from Gillian’s Island.

  • @dallasradcliffe
    @dallasradcliffe 2 роки тому +23

    If banks are to keep out of politics then their money should stay out of it too!

  • @andrew_2119
    @andrew_2119 2 роки тому +33

    With everything that is happening , most of us are a paycheck away from being homeless , hope we are all prepared , get yourself an alternate source of income

    • @craigrobinson6455
      @craigrobinson6455 2 роки тому +2

      The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depe ...

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆

    • @robbienorton9398
      @robbienorton9398 2 роки тому

      couldn't believe the process until I got a profit of $ 19, 500 with an initial startup capital of $ 2, 500 in 4days. Thank you Ms. Catherine for been transparent.

    • @GregGeorge189
      @GregGeorge189 2 роки тому

      As a beginner in the markets , your best bet is getting an experienced mentor to guide and help you make the right decisions , specifically someone who can handle your capital and help you grow your portfolio

    • @michaelericboney6156
      @michaelericboney6156 2 роки тому

      @Andrew Hellen Could you be kind enough to share the info of the investment advisor guiding you ?

  • @kristjanwashere
    @kristjanwashere Рік тому +3

    "in case anyone at home is listening, I don't know why they would be listening", because we want to make sure you are doing your job.

  • @Therealsupremeleader
    @Therealsupremeleader 2 роки тому +16

    I don’t get why these worthless representatives invite these ceo to these worthless meetings a waste of my money I truly wish the gov would give me a refund

    • @malr1975
      @malr1975 Рік тому

      Well said my friend.
      The scandal is that the people in the committee all take the lobbying cash. They want the power, so they sell themselves to the lobbies, who promise they will make a difference, and run defence for the politicians problems, so long as they are useful. That's what the Kings used to use the Religious leaders for...to keep them in power.
      If the USA want's to get it's house in order, it should stop the relentless accepted corruption of lobbying.
      What would the forefathers have said? They didn't put something in the constitution to stop lobbying and corruption?

  • @markmcgwiresbackne5705
    @markmcgwiresbackne5705 2 роки тому +11

    They're job is to take money from the many and transfer it to the few. Diamond is rolling his eyes like just tell me what the fine it so I can get outta here. Anyone else notice it's no problem depositing your cash at the bank but it's a real problem getting it out. Especially if you try and withdraw a chunk of dough.

    • @mgm553
      @mgm553 Рік тому +6

      This is the most ignorant understanding of basic economics I’ve ever heard

  • @brookelogan456
    @brookelogan456 2 роки тому +10

    I've been speaking with my customers who are from all over the country, and a lot of them are taking all of their money out of banks. Something big is about to go down.

    • @nilzazavala9897
      @nilzazavala9897 2 роки тому +1

      Wym?

    • @IgNantTelevision
      @IgNantTelevision Рік тому +1

      Why tf would anyone use a bank especially with light as fiat currency 😂

    • @malr1975
      @malr1975 Рік тому

      Were any of your customers getting out of the crypto virtual token garbage bubble, or only banks?
      I too think something big might be about to go down but not to banks...but a global crypto token crash. To pennies.
      Think about it, everyone knows about crypto now. It's not done anything successful. There is no benefit of being invested in it unless, it keeps going up in value based on speculation. So it needs new speculators to keep it's value. That won't work. So, now there is a buyer vacuum, it has to crash to pennies. The demand has gone because no one wants to buy something that we know might crash shortly, because it has no value.
      Why would people continue to speculate on something once it has shown it's garbage.
      You cannot buy a cup of Joe with crypto, and the blockchain or DL tech that has admin value is separate to crypto tokens.
      You now have so many crypto tokens, there is no scarcity. Quite the opposite. And the only reason they were created, was to try and capture speculative wealth on a junk token.
      It is a circular ponzi scheme that is loosing velocity.

  • @mikepepper8395
    @mikepepper8395 2 роки тому +22

    The government laying shame for overdraft fees while simultaneously charging fees to those same people for late tax remittance is priceless.

  • @babysealavenger
    @babysealavenger 2 роки тому +9

    Loaded narrative at the beginning of the meeting.
    Here is my question to those members of congress: why don't you institute financial education in the public school system, rather than allow the large majority of citizens to enter adulthood with no basic concepts of finance?
    Second observation is that the U.S. Govt has an absolutely terrible track record of managing it's finances, something that is at the detriment of it's citizens who ultimately have to carry the burden of your incompetent management of money that you forcefully tax and collect from U.S. citizens.
    Third observation is how ironic it is that members of congress are scolding the banks when they are the ones who are exercising major conflicts of interests in their stock trading in companies that they are involved in the regulations of, an absolutely unacceptable corruption. Not to mention the exorbitant salaries of members of congress.
    Fix those things, then, and maybe then I will perhaps listen to what you have to say with a grain of salt, but actually a grain of salt is too generous. I would say one molecule would be more appropriate.
    This is coming from someone who doesn't even like big banks. But compared to Congress, they could be regarded as saints.

  • @kendellfriend5558
    @kendellfriend5558 2 роки тому +22

    1:24:30 Dimon is so right. Doing business in PA is literally the most unpleasant thing. Don’t even think about being a business in Philly.

    • @Tweetogreggieb59
      @Tweetogreggieb59 2 роки тому

      Here's another fun fact the stock market is down because of OG Reggie B. I told you guys, no one's going to get any money until I get mine TQQQ @ 70, 35, 25 and 19. These are all my buy entries they make good trading around information. Don't say I haven't given you anything lately peace✌...

    • @hondusspa
      @hondusspa Рік тому +1

      @@Tweetogreggieb59 so you’re down massively?

  • @rongyao7662
    @rongyao7662 2 роки тому +18

    Senator Warren was very disrespectful of treating the CEOs like elementary school kids. Or maybe just a showing of her teaching skill. Hey confess, or you will have your time out.

    • @arcdestriumph586
      @arcdestriumph586 2 роки тому

      Warren is a crackpot ... chased her non existent native american roots for decades.

    • @alanro7145
      @alanro7145 2 роки тому +5

      It was embarrassing and childish from her. Disrespectful to the ceo's as you said and screaming and yelling over her allotted time. Her big issue didn't even make sense, Zelle reimburses unauthorized transactions. Many people use it to great success. They even explained to her that fraud is a tiny amount of transactions on that system. If someone is going to lose their house on Zelle, don't use the system and use some other system for transferring money (which has just as much potential of leading to fraud). How is this the ceo's fault?

    • @DAVIDGOMEZ-nc6fh
      @DAVIDGOMEZ-nc6fh 2 роки тому +3

      She was very upset because the banks took 2 months to get her the numbers she requested but that’s her fault. Why didn’t she follow up or call the CEOs directly? All these guys are very powerful but most are very respectful and humble. In addition, I think most people that use Zelle are very tech savvy and educated and rarely send money to the wrong place.

    • @harryballsacky
      @harryballsacky 2 роки тому

      POCAHONTAS IS NUTTIER THAN SQUIRREL CRAP

  • @dallasradcliffe
    @dallasradcliffe 2 роки тому +8

    Being the "most affordable" of a system that is not affordable at any level is not a win. Citigroup

  • @rickcaldwell2862
    @rickcaldwell2862 2 роки тому +40

    At least Dimon still has some common sense.

    • @outsidetheboxink
      @outsidetheboxink 2 роки тому +6

      Dimon is the quarterback in this dystopian lineup. His public presence is artfully crafted at top dollar, and consequently his genuineness comes across as blandly as a dry toast. He is no rock star and really deserves no praise for the pain he leaves in his wake. Same goes for the others. Do you have 1/2 lunch breaks like your lowest level employees do? Didn't think so. Enjoy your steaks as your real efforts in this world reduce almost half of your countrymen to eat beans. Because we can't afford steak in this chaos that your companies have originated!

    • @WeenkerIV
      @WeenkerIV 2 роки тому +5

      @@outsidetheboxink lol

    • @treoneil7333
      @treoneil7333 Рік тому

      @@outsidetheboxink maybe you should work at JP Morgan like some of us and be able to afford steak for dinner every night, just a suggestion so you can think outside the box

    • @outsidetheboxink
      @outsidetheboxink Рік тому +1

      @@treoneil7333 Well, I actually did work for JPMorgan Chase. I was laid off during the last recession. I hope you make it through this current recession and don't experience what I did.

    • @treoneil7333
      @treoneil7333 Рік тому

      @@outsidetheboxink I work for JP Morgan rn, I converted from my internship to a Business analysis associate this summer lol so wish my luck old man because the future is now 💪

  • @miguelmejia1952
    @miguelmejia1952 Рік тому +2

    Charity is a word in which the rich hide and not pay taxes yet they receive the money back and they come out like if they did something good give your money without getting it back that's help real help

  • @Toto77777
    @Toto77777 2 роки тому +9

    01:35:04 basicaly what jamie dimon is saying is that moving trillions of dollars of money instantly was always available for institutional investors but for some reason not for retail. interesting

  • @nonamer88
    @nonamer88 11 місяців тому +1

    "get grilled", please tell me when that is taking place?

  • @tinacook6779
    @tinacook6779 2 роки тому +5

    These banks also don't pay their community reinvestment act (CRA) obligations. Funds that municipalities need to make improvements and survive. They reach into states where they do not have branches or ATMs and extract wealth and skirt their legal obligation to reinvest into the community.

  • @Badcreditvehicle
    @Badcreditvehicle 2 роки тому +2

    Thanks for Broadcasting this

  • @youtubetroll6620
    @youtubetroll6620 2 роки тому +4

    Best thing you could do, give everyone 850 credit score, crash hard the real estate market, stop people from flipping property, stop corporations from buying single family homes, I think that would get us on the right path. it would get people out of apartments and into homes that they can make beautiful,
    in turn the homeless would have access to affordable rental apartments....

  • @jjsan1
    @jjsan1 2 роки тому +10

    15:30 CEOs begin their intro

  • @popweaselcrunch
    @popweaselcrunch 2 роки тому +3

    They're all corrupt.

  • @jamesgardner8619
    @jamesgardner8619 Рік тому +2

    I have had overdraft fees in the past and I don’t understand why people think the banks are in the wrong for charging an overdraft fee. Technically it’s fraudulent to write checks knowing you do not have the funds. So the bank actually helps you out of a fraudulent transaction that you made and they charge a fee. What’s the problem?

    • @justing6594
      @justing6594 Рік тому

      Only time I had a problem with over draft fee was when m@t bank would not update my balance all weekend. They have since been sued for it.

    • @exposenetworklimited4497
      @exposenetworklimited4497 Рік тому

      ⁠@@justing6594BS… by law you can’t sue a bank because they lock your money… by law they can for up to 30 days and that’s by law… so you law suit will get tossed right out… even tho imo ur lying

    • @justing6594
      @justing6594 Рік тому

      @@exposenetworklimited4497 This M&T Bank overdraft class action lawsuit was originally filed on Aug. 21, 2009, by plaintiffs who allege M&T Bank unfairly assessed and later collected overdraft fees on debit card transactions. The plaintiffs of this M&T Bank class action lawsuit are seeking monetary damages and restitution for damages incurred from the allegedly unfair overdraft fees.You sure about that? 🤷‍♂️

  • @marshabrady
    @marshabrady 2 роки тому +4

    👉🏾 Our banks & other corporations founded in America, need to stand up for America & American VALUES, not communist China!!!🤬🇺🇸🗽

  • @hugsandkisses1369
    @hugsandkisses1369 2 роки тому +16

    I'm an old immigrant, new to UA-cam. Make no mistake, these guys are as ruthless as they come. I love capitalism, and I don't believe it's capitalism for us to pay to bail these guys out of the catastrophic results of their greed. Next time there's a collapse, and it will come, they should be allowed to go under.

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆...

    • @Spahi77
      @Spahi77 2 роки тому +2

      I would hit love if there was such a comment

    • @L3th4LQu4rK
      @L3th4LQu4rK 2 роки тому

      Last time banks were allowed to fail, it took average Americans 15 years to recover and that too on the back of WW2 war production. The ‘bail out’ actually was a loan and all it was paid back by 2013. We (the people) made billions in interest. Please read more.

    • @hugsandkisses1369
      @hugsandkisses1369 2 роки тому

      @@L3th4LQu4rK Really. Who do I call to get my share of those billions? Maybe you read that somewhere and can share it with the rest of us.

  • @williamchurch711
    @williamchurch711 2 роки тому +5

    I think the issue that Senator Bill Hagerty raised is a good one. A proxy advisor should not be voting on behalf of the actual beneficial owner of the shares.

  • @maribethcondrillon1079
    @maribethcondrillon1079 2 роки тому

    thank you so much 💖

  • @Popunkwillneverdie
    @Popunkwillneverdie 11 місяців тому

    Dad my government teacher is related to government officials.... he gave me a C 😂😂

  • @gervazejoseph9586
    @gervazejoseph9586 Рік тому +1

    These CEOs and those thousands of others like them -- sickening... just simply sickening. This hearing, of course, doesn't center on the top investment banks but rather on that of the commercial banks alone. In that wise, let us ask, Where's the bank that sets at the top-of-the-heap: Goldman Sachs, perhaps the most extortionate brat in the bunch? Ay the descriptive word 'brat' is the right word, indeed.
    Bear in mind that these said CEOs, their ethics, ay their behaviors or rather, the lack thereof -- boys, city dolls, not men -- and what forthcomingness they undertake to demonstrate in this hearing -- prove false, complicitous -- crooks all of them.
    Reserve all laudatory comments; too soon is it for that. Ay endeavor to question these CEOs' lack of honesty and of the senate, their lack of depth. Trust little if anything that they say or affect to convey otherwise; rather, regard their testimonies as consequential shams, at best, alleged takes on sincerity.
    Of all the senators and CEOs who speak Louisiana Senator John Neely Kennedy (R) dishes out the most alarming, self-righteous dribble in this segment of the hearing, proving wholly disconnected to the reality of what millions of American citizens have hitherto now undergone -- the lower-, middle- or upper classes notwithstanding.
    "Uber-Woke Sweepstakes?" he quips. What "Uber-Woke Sweepstakes?" I mean, you'd have to be the likes of who he 'is' and 'was' in the first place to think as he does. Alas, silence speaks loudly, to wit, not a few of these CEOs agree with him if for no other reason than by their silences, which proves nothing less than, if by default -- complicity!
    The United States is now and has been for decades existed in a socio-economic condition requiring mitigation proffered by both political parties.
    Indeed, neither party alone proves capable of affording the USA economic and social solutions otherwise, but together, then yes, perhaps solutions would prove probable to occur in greater measures for the first time. Else prison sentences will certain sure bring chicanery to a screeching halt. The likes of these crooks or call them choir boys, are for certain the least capable of serving jail time ... they just can't handle even the slightest of such a suggestion. Yet were this the final conclusion and result, we could guarantee that they'd come honest -- fast and in the right way.

  • @45billyva
    @45billyva 2 роки тому +9

    Dimon is probably wondering , how much money do we donate to the DNC again?

  • @appleman957dontcare5
    @appleman957dontcare5 2 роки тому

    Elizabeth warren clear throat "let me go get the popcorn" hahaaha

  • @LittleBates
    @LittleBates 11 місяців тому

    Calling a group of guys garbage without actually using the word garbage

  • @Halapeno30
    @Halapeno30 4 місяці тому

    With great money comes great power, with great power comes great responsibility

  • @TALONTEDGUY
    @TALONTEDGUY 2 роки тому +2

    Grilled? Apparently you don't know who works for who. It's a ruse!

  • @MrsBoyetteGreen10
    @MrsBoyetteGreen10 Рік тому +3

    Me Scott saying I’m not sure why any regular citizen would be listening to these. It’s me I’m that regular citizen 😅

    • @Laura-vr5nk
      @Laura-vr5nk Рік тому

      Thought the same thing…

    • @gervazejoseph9586
      @gervazejoseph9586 Рік тому

      Hear, hear! He or she is astute, indeed, who endeavors to educate him- or herself and question the honesty or rather, the lack therein evidenced by these CEOs and their pandering, complicitous gaggle of hidebound senators to whom they give winks and nods.

  • @gilbertleegraimaldojr3917
    @gilbertleegraimaldojr3917 2 роки тому +1

    I been told they don't know what I'm talking about when it come to my information like IRS and others

  • @bigtex4058
    @bigtex4058 2 роки тому +8

    These people understand America's values 🤑🤑💰💰

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆..

    • @deckape69
      @deckape69 2 роки тому

      You right, I was born in America, I live in America, I am a US citizen..I don't have American values, I have Cajun Values...to me American values are fake, unreal, dumb, nasty, ugly, money...

    • @tatianafoule6257
      @tatianafoule6257 2 роки тому

      Really?

    • @arcdestriumph586
      @arcdestriumph586 2 роки тому +1

      @@tatianafoule6257 Of course they understand American values... they see where Americans spend their money.. and to what degree.. who they donate to.. who they avoid. How many of Jaimie Diamond's customers donate to Rashida Talib? Not even 1/2 of 1 percent.

  • @rondrake3720
    @rondrake3720 2 роки тому +2

    Given his introduction explanation of the committee’s purpose, they’ve failed so far

  • @victorruiztalamantes8688
    @victorruiztalamantes8688 2 роки тому +2

    Why is he lecturing them. They don’t care. They will care once they do jail time

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆

    • @harryballsacky
      @harryballsacky 2 роки тому +2

      OH..SO THE BANK IS THE REASON WHY YOUR POOR....I GET IT...NO PERSONAL RESPONSIBILITY

  • @outsidetheboxink
    @outsidetheboxink Рік тому +1

    This hearing convinced me to pay off and close my credit card with one of these big banks. They get my business no more! I've taken it all to my local credit union, got a better rate and, best of all, no more BS. Vote with your dollar and loosen the big bank stranglehold on our world economy.

    • @OTOxKRUGERxOTO
      @OTOxKRUGERxOTO Рік тому +1

      Credit unions are just as bad if not worse

    • @outsidetheboxink
      @outsidetheboxink Рік тому +1

      @@OTOxKRUGERxOTO I'm curious, why do you consider credit unions to be worse? I recall in the 90s when banks fought hard and won to limit credit union memberships in an attempt to limit their growth as competition. Banks are for profit, credit unions aren't. Personally I'm always reassured I'm in good hands because I can talk to live people and visit a brick and mortar building to do business with people I've known for years. With big banks, get in line and see if your paperwork isn't lost in their system, or if they run illegal credit reports on their customers, or if their multinational tech systems which make customers more susceptible to fraud. For my simple financial needs, I don't want the hassle they bring in the name of customer service.

  • @mikeb900
    @mikeb900 2 роки тому +17

    Jamie Dimon and other bank ceo are really trustworthy and I follow their advice.

    • @MsSassySean
      @MsSassySean 2 роки тому +5

      🤣🤣🤣🤣

    • @luannmarie4568
      @luannmarie4568 2 роки тому

      @@MsSassySean that is a funny comment look the rap sheets these guys have 🙄

  • @kamman1374
    @kamman1374 2 роки тому +1

    This is all BS. If a payment gets made, then overdraft is a must. Technically thats money takin from other depositors to pay for your sht.

  • @gilbertleegraimaldojr3917
    @gilbertleegraimaldojr3917 2 роки тому +1

    Child Support ,Police Department, courts and more.

  • @greenragi7775
    @greenragi7775 2 роки тому +1

    All you bankers: when you begged for aid in '08. It was to just to save your Azz. The Average persons Wages has not increased like the Stock Market Gains since then. The only thing which has happened is Asset prices are way inflated and PCE @ an all time high !! I would suggest to people reading this : buy Prison Stocks ... So we can have some first class rooms for these people, (including several policticians) in there. if we put you along with the general criminals in there, they may kiil you.... !!

  • @gregoryfriday6242
    @gregoryfriday6242 Рік тому

    In Aluminum Mills Corp. v. Citicorp N. Am,, Inc. (In re Aluminum Mills Corp.), 25 C.B.C.2d 1120, 132 B.R. 869 (Bankr. N.D. Ill. 1991), the court , which had previously authorized the creditors' committee to prosecute all fraudulent conveyance and preference claims on behalf of all creditors, held that the committee had standing to prosecute a complaint against various parties (alleging that they participated in a leveraged buyout of the debtor with knowledge that it would render the debtor insolvent, thereby resulting in fraudulent and preferential transfers), since it was a general claim that would benefit the entire estate and nor a personal claim of an individual debtor.

  • @bonniebevan1380
    @bonniebevan1380 2 роки тому +2

    Mr. Toomy is out of line in some of his comments. I’d welcome comments from the other point of view.

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆..

    • @johnyoung1761
      @johnyoung1761 2 роки тому

      Make an argument. Give us a time stamp.

  • @kpclove7990
    @kpclove7990 2 роки тому

    Thank you

  • @boogiman136
    @boogiman136 2 роки тому +1

    thank you for documenti n the eveidence for us guys

  • @gilbertleegraimaldojr3917
    @gilbertleegraimaldojr3917 2 роки тому +1

    There not letting people know about, there keeping the money for them self an there own company.

  • @joeGuizan
    @joeGuizan 2 роки тому

    😂😂😂😂😂... Collecting the big fish and reading their sins to them.,😂😂😂😂😂😂😂😂😂😂.

  • @ericphantri96734
    @ericphantri96734 Рік тому

    The scary of direct deposit was incompetence officials led to hacker got path way to treasury server and duplicate it and inflate money supply beyond productivities and gold back led to Chinese more invasive products take over home

  • @josetavares9573
    @josetavares9573 Рік тому

    I love how Banks merge together as team. Everything should be fine no audits. I guess Congress wants to make sure that they and banks on the same page.

  • @butterflygirl2285
    @butterflygirl2285 Рік тому

    IMO - I am very unhappy that Wells Fargo shut down our brick and mortar local banking branch. As a result, I am giving other banks more of my money. Wells Fargo's performance has been so disappointing since 2008.

  • @toplist3257
    @toplist3257 2 роки тому +4

    What it has to do with race and being women in a bank

    • @textme9959
      @textme9959 2 роки тому

      See me here 👆👆👆

  • @gregoryfriday6242
    @gregoryfriday6242 Рік тому

    I am very concerned that the Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020 , H.R. 6074 Section 303, and Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2021 and for other purposes wasn't used up to their potentials. That is to say there still should be available funds in them and the only people it seems that benefitted from the covid ppp money are your businesses that recieved covid relief, marked the price of their goods ip into price gouged ranges, then claimed a loss do to covid on their taxes, filed claims with their insurance and returned what they were able to with their wholesalers allowing them a quadruple whammy. when gas stations are selling boxes if cereal for 9 dollars a box and home depot is selling sheets of oriental strand boards for 60 dollars it places an unfair burden on the consumer.

  • @shawnlauer2508
    @shawnlauer2508 2 роки тому +1

    Grilled huh, are you kidding me?

  • @freerovingbovine
    @freerovingbovine 2 роки тому +8

    Senators and banking industry could work together to encourage customers to forecast the next months statement and reduce prediction errors even if this reduces late fee income.

    • @justing6594
      @justing6594 Рік тому

      They do. There in cahoots with each other. This is just the dog and pony show. Remember when Obama bailed out the banks? Wellnow he's pay exorbitant amounts of money from said institutions he bailed out.

    • @justing6594
      @justing6594 Рік тому

      Payed*

  • @GENXplain
    @GENXplain Рік тому +1

    I would love to see 2 versions of this video. 1 with all the democrat question and the other with all the republican questions.

  • @gilbertleegraimaldojr3917
    @gilbertleegraimaldojr3917 2 роки тому +1

    Two is one of the company screwing people over,but are not reporting the issues , as for not being see niether.

  • @rycebabii
    @rycebabii 2 роки тому +2

    Where’s Goldman

    • @Afrocow
      @Afrocow 2 роки тому +2

      Solomon was probably out djing beats late into the night, he got a pass

  • @jackstheraptor2791
    @jackstheraptor2791 9 місяців тому

    Bunch of bafoons bought by these very CEOs suppose to do anything against their will ??

  • @justinaragland3025
    @justinaragland3025 2 роки тому +1

    BAIL OUT THE TRUCKER ! USE THE FISCAL SPENDING TO BAIL OUT TRUCKER, FIRST!

  • @maribethcondrillon1079
    @maribethcondrillon1079 2 роки тому

    good morning everyone 😊 thank you so much to all of you I appreciate your trust in me and yes I will continue and I'm happy to work hard I want to help more again thak you so much God bless

  • @CobraPR893
    @CobraPR893 2 роки тому +1

    How many have gone to jail?
    No jail NO responsability!

  • @ithelpdeskcomhar8236
    @ithelpdeskcomhar8236 Рік тому

    Look at all those opportunist, the federal government should not back any bank with tax payer money.

  • @Xueyan-tc1jj
    @Xueyan-tc1jj 5 місяців тому

    Reits is a special thing, it is not like stock index, Reits owner can get yield return when economy is good, sometimes house prices will not affect Reits earnings. Yes, Reits equals to fund.

  • @asterix908
    @asterix908 2 роки тому +2

    People at Zelle must be celebrating, every time their name is mentioned here majority of it in a positive light.

    • @aaditya4809
      @aaditya4809 2 роки тому

      Zelle is a service co-owned by all of the companies represented here.

  • @daspatel6938
    @daspatel6938 10 місяців тому

    Where does jayesh gopalji fit in at this conference room?

  • @StopWars420
    @StopWars420 2 роки тому

    Banks shouldn't exist. Period.

  • @ericphantri96734
    @ericphantri96734 Рік тому

    We don't want punish them we just request responsible ethical for fair market which is how america began that kept dream alive the bankers had solution and we want that solution not punishment that would shield people from hidden way out of this

  • @jacriz6216
    @jacriz6216 2 роки тому

    Where are all those trillions of $$ going?
    Some going to below our border, yes, but I'm guessing a lot more goes to offshore accounts to avoid paying US taxes?

  • @ithelpdeskcomhar8236
    @ithelpdeskcomhar8236 Рік тому +1

    The banks shouldn't have been bailed out during the housing bubble in 2016 with rax payers money.

  • @ericphantri96734
    @ericphantri96734 Рік тому

    The unsold inventory led to deficit should not be there in the first place

  • @jackym7734
    @jackym7734 Рік тому +1

    Ms Warren was not having it

  • @vfxart1994
    @vfxart1994 Рік тому

    How about gov bother introducing some personal finance courses at grass root school level of education and making it mandatory for every student to attend. Lets start from there before reaching out banks. Disclaimer I am not a banker or bank CEO just a normal average person who believes in personal finance.

  • @gilbertleegraimaldojr3917
    @gilbertleegraimaldojr3917 2 роки тому +1

    Supreme Courts and more Here in Tarrant County

  • @AKAwisher1
    @AKAwisher1 2 роки тому +3

    2:18:00 very interesting.

  • @leemoua5747
    @leemoua5747 2 роки тому +1

    A group of men which are all millionaires somehow cannot figure out how to solve a problem in one day.

  • @diegojesusvill4267
    @diegojesusvill4267 2 роки тому

    Absolutly!

  • @lolWillieP
    @lolWillieP Рік тому +1

    They all know the system and use it. Damon is the only one who will openly discuss. “As far as I’m concerned, the fed is judge jury and hangman in this country”. Powerful things coming from the CEO of Americas largest bank.

  • @AnonymousQwerty
    @AnonymousQwerty 2 роки тому +2

    This chairman is such schmuck 😂

  • @aviaforrester1481
    @aviaforrester1481 8 місяців тому

    Pay.

  • @erandeser5830
    @erandeser5830 Рік тому

    Grilled ? 😂😂😂

  • @MattewWright
    @MattewWright Рік тому

    Jane Frasier,
    Thank you for your service, as of today you are released from all duties.
    The Citigroup was my father Wang Zhao Ting’s asset, now it is mine.
    I understand your frustration, however it is illegal to operate the bank without a valid bank charter
    And you are not qualified to obtain one, your service is no longer needed.
    A bank should only be operated by qualified personnel, Citibank bank charter is under my father Wang Zhao Ting’s name and I am the only lawful heir.
    You will need to cooperate with UN, FBI regarding your misconduct, illegally obtained the bank without permission and qualification.
    Furthermore, an employee of yours named George Lin, used a banking hacking device from Russian to break into clients accounts and stole interests; he also leaked Ma Kuan Treaty when he worked UN; he then moved to Leman Brother’s and assisted Hilary Clinton, Barak Obama, Mike Arthur to steal my father Wang Zhao Ting’s account, and this act caused the global economy crashed in 2008. George Lin then got hired by the Citigroup and worked there for almost 10 years. He has stolen from numerous accounts for 10 years and the Citigroup didn’t stop this kind of violation of cyber security. This has given me the probable cause to conduct an investigation on you regarding national security. You will be facing jail time and worst the needle. You have the right to consult with your legal consult, whatever you say will be presented to the court as evidence.

  • @josephzao6737
    @josephzao6737 Рік тому

    As long as there is NO Virginia the USA does pretty good as a Government.

  • @charlievardar1330
    @charlievardar1330 Рік тому

    Veterans and new mothers - apparently even the scammers have the so-called "good practices" - in their case it's the group of people they would scam over and over again.

  • @ericphantri96734
    @ericphantri96734 Рік тому

    Some foreign countries even print u.s. treasury check too and sending money overseas by workers let to disaster and denying American to jobs while hiring foreign technician while put American work overseas

  • @stevenreinart9719
    @stevenreinart9719 2 роки тому

    Alright who decided to throw "gets grilled" in the title? Lmao

  • @makellasafe
    @makellasafe 2 роки тому +1

    Room full of vampires

  • @chiltondaniel
    @chiltondaniel 2 роки тому

    @media how does 2hr 17mins not make the news?!