I'm Jim Kramer, and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

He also, this is Trump, asked Congress to cap credit card rates to 10% for one year.

J.P. Morgan's Jamie Diamond, he said this morning at Davos that the company will provide

real analysis on this proposal because he thinks it could create an economic disaster. Right. But I do think that there'll be some sort of, I mean, look, I think that if they just completely are in the president's face, as well as Jamie Diamond, then he will double down. That's why the president did this. I think it's entirely possible that they can come up with some sort of amelioration foration for people who get in trouble that would not be as dire as would be for a capital one, which would just, frankly, we'd have to sell the stock if this happened, just make no...

Sure.

I guess another option would be maybe they create a separate product that does follow this 10% cap for one year.

So they keep their existing cards, but maybe a new option from, well, we'll hear from

them tomorrow what they think tomorrow we do.

But I understand this is unsecured debt, 3% to 5% default.

These guys are not, what they're doing is creating a mosaic, where they have lots of products

that charge a lot in order to make it so they can still stay in business and actually profit well after the 3 to 5% to fall.

It's an age-old model and it's nothing new and people.

They fought this in Congress for years and years and years, but the President wants to obviate Congress.

It is a congressional mandate.

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