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COM The Daily Show With Jon Stewart June 16, 2012



believe in. jay me diamon the near collapse of the banking industry good for the jpmorgan chief burnishing his reputation as a superhero c.e.o.. we didn t make huge bets. jon: in the financial world, you don t normally hear praise like that unless it s donald trump talking about you know. (laughter) people don t expect so someone this handsome to be this smart and rich. (laughter) well, anyway, guess what happened last month. lawmakers are taking a closer look at jpmorgan s staggering losses and the shudder it sent through wall street. the largest bank first estimated it lost about $2 billion on risky investments. (laughter) jon: $2 billion on risky investments. we don t makes to bets thax is an absurd amount of money. there is nothing you can say that makes that look good. exexperts now say the losses could be closer to $7 billion. jon: okay, the $2 billion ising laing pretty good now. apologize. i was incorrect about the 2. what gives, jay me diamon, yo ....

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COM The Daily Show With Jon Stewart June 15, 2012



(cheers and applause) jon: it s just received the votes tonight from (laughter) i guess the emmissary. anyway, as you remember, i want to take you back a little bit. somewhere around four years ago our economy experienced a cyclical fiscal phenomenon known as a catastrophe [bleep] when our largest financial institutions began to collapse after making incredibly risky bets basically using our pension money to gamble on the value of our houses. because apparently the business is just taking your money and then loaning it out to other people at slightly higher interest rates is just too bank after bank swallowed in the aftermath, lehman and bear stern, done, merrill, dead, sold for parts, what mu and goldman, you get the idea. nobody did well. jpmorgan chase (laughter) and their fearless leader jameny diamon. jame me die upon seems to be the one guy you trust and believe in. jay me diamon the near collapse of the banking industry good for the jpmorgan chief b ....

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