Detailed text transcripts for TV channel - FOXNEWS - 20150816:19:03:00
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Went before congress today to explain how his company suffered $2 billion and counting in losses by engaging in the same high-stakes trading that led to the financial collapse of 2008. the drama started right away, as dimon was confronted in the chambers by protesters decrying jp morgan's foreclosure process. >> why don't you face the people that you fore cloclosed on? >> stop foreclosures now! >> stop foreclosures now! stop foreclosures now! stop foreclosures now! stop foreclosures now! >> dimon was able to weather that storm. he wasn't too affected by mild prodding at the hands of senate dem...
Is really feeling your pain or at least he is reading about it. a report shows that the recent economic crisis left the american family in 2010 with no more wealth than the early 2000s. down to just over $77,000 in 2010. the housing crash, of course, accounted for 3/4 of that loss. what was it that mitt romney said about those facing foreclosure process? >> don't stop the foreclosures. put the renters in them and turn around and let it come back up. >> sorry, homeowners. they will happily take your rent. let's bring in your panel now. in washington, richard wolfe and
Theater that could have won a tony award if it wasn't so predictable. jpmorgan chase ceo jamie dimon went before congress today to explain how his company suffered $2 billion and counting in losses by engaging in the same high-stakes trading that led to the financial collapse of 2008. the drama started right away, as dimon was confronted in the chambers by protesters decrying jp morgan's foreclosure process. >> why don't you face the people that you foreclosed on? >> stop foreclosures now! >> stop foreclosures now! stop foreclosures now! stop foreclosures now! stop foreclosures now! >> dimon w...