Cesar Valencia

Worrying About Large-Deposit Bank Runs

How about the 31 billion write down that JP Morgan is taking? WaMu was insolvent, and it's not the only insolvent bank out there.

Dimon in the Rough: How JPMorgan's CEO Manages Risk

A Demon Of Our Own Design. You guys might want to read it. It talks about Jamie Dimon when he was co CEO of Travelers when they bought Salomon. The way Mr. Dimon approached risk described in the book is really amazing. To read that he managed to avoid another catastrophe is really telling about how competent he really is and how responsible he is. It is very rare to see a CEO put a company's health before quarterly profits. Most managers like to go after the last penny without regard for their companies' futures. Mr. Dimon would rather have his company survive. I think he gets it. It's good that he gets the recognition for what he's done.