Hush!… JPMorgan talks…

James Dimon, CEO of JP Morgan in 2006

Genis Piferrer, Deutsche Bank has sent me this link on the statements by the CEO of JP Morgan, the real heads of Wall Street. As published in a post months ago, “JP.Morgan already did the same in the bank panic of 1907″, and then were the genuine leaders on Wall Street. After saving the Bearn Stearns at the request of the American EDF, JP Morgan reconfirms that they are THE  “masters” of the game named “banking”.

Well, its highest executive, the CEO D. James Dimon recently stated: “The crisis seems be over by ¾ , while the U.S. economic recession seems to be alone in its infancy. To resolve the strong current credit crisis, would not mean that the American economy could not enter into a severe recession. There is a 33% chance that the recession is large, as was in 1982. We do not know yet whether it will be medium or very severe.

Very interesting were also his statements about the purchase of Bearn Stearns:

“Let me be perfectly clear: Mission not accomplished,” says Dimon. The investors warned that while still cree that the operation was a good decision, “we’re taking a lot of risks” by absorbing the assets of Bear Stearns.

Finally Alan Greenspan sees no signs of recovery in the U.S. housing market until early 2009.