Runs 2 minutes. More video from Jamie Dimon's headline CFR speech Tuesday.
'I'm a big boy, I'll survive the $10 billion loss.'
Dimon says JPM expects to lose up to $10 billion on the Bear Stearns purchase, mostly due to litigation, and reminds the audience that the Fed made billions in profits on the same deal, with no associated liability. Some interesting bailout detail is included. Bernanke's minions weren't keen on taking the $29 billion in assets the Fed acquired, and a few other reveals.