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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJamie Dimon says financial crisis is coming, blames regulation
LONDON (MarketWatch) You aint seen nothing yet, when it comes to market wreckage from a financial crisis, according to J.P. Morgan boss Jamie Dimon.
In his annual letter to shareholders, the banks chief executive warned there will be another crisis and the market reaction could be even more volatile, because regulations are now tougher.
He argued the crackdown on the financial sector, added to more-stringent requirements for capital and liquidity, will hamper banks capacity to act as a buffer against shocks in financial markets. Banks could become reluctant to extend credit, for example, and less likely to take on stock issuance through rights offering, which would essentially create a shortage of securities.
Such factors make it more likely that a crisis will cause more volatile market movements, with a rapid decline in valuations even in what are very liquid markets, Dimon said in the letter. Recent activity in the Treasury markets and the currency markets is a warning shot across the bow. ....................(more)
The complete piece is at: http://www.marketwatch.com/story/jp-morgans-dimon-warns-next-crisis-will-be-even-more-volatile-2015-04-09?dist=lcountdown
Ilsa
(61,698 posts)whatever they want, or else!"
arcane1
(38,613 posts)DetlefK
(16,423 posts)And the only way to survive that mystery-crisis is to loosen the liquidity-requirements for banks?
Ah, now I get: He's putting out a list of bribes we are allowed to offer to the banks to make them do what they will do anyways.
Ilsa
(61,698 posts)they'll let it all happen if they don't get what they want.
trotsky
(49,533 posts)is to give him and his fellow big bank bosses exorbitant bonuses so they will have the incentive to fix things.
edhopper
(33,625 posts)ISIS says the problems in the Middle east are due to restrictions on Militant Islam.
Orsino
(37,428 posts)Still.
corkhead
(6,119 posts)He knows he and his fellow banksters have already set the next crisis in motion, and he's offering up a preemptive excuse
appalachiablue
(41,177 posts)lousy. Just so you know...when it happens.
mmonk
(52,589 posts)arcane1
(38,613 posts)Aerows
(39,961 posts)we have one.
Jamie Dimon is one of the trio that engineers them.
You can rob the people with a rifle, and they send you to prison. You can rob the people with the stroke of a pen, and be lauded.
pa28
(6,145 posts)Or we'll have another financial crisis?
He's trying to give political cover for politicians willing to gut the rest of Dodd-Frank and scare the rest with a threat.
L0oniX
(31,493 posts)You might need them ....in addition to all the pigs that shoot people in the back to do your bidding.
betterdemsonly
(1,967 posts)They know it is coming and they are prepared to use it to get more bank deregulation. Please Obama don't give them anymore unconditional bailouts??
MisterP
(23,730 posts)Enthusiast
(50,983 posts)And deregulation is fomenting coming crisis. Jamie Dimon should be in prison.