Wednesday, December 12, 2012

Dimon on jiving with the junta

Thanks to Joe Weisenthal for this one from the Dealbook conference hosted by Andrew Sorkin:


DIMON: Why don't you stand up so they know where you are.
SORKIN: Please introduce yourself if you could.
AUDIENCE MEMBER: ...With Secretary of State Hilary Clinton going to Burma and Barack Obama visiting Burma as well, there's a rumor about you shadow banking with the Burmese Junta and I'd like to second follow up with that on....
DIMON: There's a rumor about what?
AUDIENCE MEMBER: Shadow banking with the Burmese Junta.
DIMON: I have no idea what you're talking about.
[audience laughs]
AUDIENCE MEMBER: Also, with the recent insider trading scandal at SAC, I was wondering what kind of exposure JPMorgan would have to that?
DIMON: Hopefully none.  I don't know exactly what the facts about what's going on around there so I don't want to comment, but hopefully none.
SORKIN: Okay. Thank you for that. 



Here's Dimon's look of...incredulity? 




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