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Rebel Capitalist News

News: Jaime Dimon Just Revealed A Banking Crisis May Be Imminent

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 30 October 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow rebel capitalists hope you are well so breaking news

0:04.0

Jamie Diamond just sold one million shares of J.P. Morgan.

0:14.0

1 million shares.

0:17.0

This is a market value of 140 million dollars. So my question to you would be if Jamie Diamond is bullish on

0:28.6

J.P. Morgan to the banking system, would he be selling $ hundred and forty million dollars with of shares?

0:35.0

Absolutely not. This is something someone would do if they thought the

0:40.0

banking system had huge problems going into 2024 that there was massive

0:47.2

systemic risk and that systemic risk might rear its ugly head in the very near future. Now I'm not saying that's

0:56.3

exactly what he's doing. I don't know Jamie Diamond I didn't ask him but this is

1:00.9

very very suspicious.

1:03.0

And if you talk to short sellers such as,

1:06.0

or if you listen to short sellers such as Jim Chinos,

1:08.0

they say that this is the number one red flag that the company or the industry as a whole is having serious problems underneath the surface.

1:21.6

It's when the big wigs, especially the CEO, start selling

1:26.3

a lot of shares and a million would be categorized as a lot of shares.

1:34.6

Let's get right over to this C. M. C. article

1:37.2

and check out the details.

1:39.5

Title, JP Morgan Chase stock slips. You don't say. I mean, I can't believe it didn't go down a lot further.

1:48.2

But stock slips after Banks says CEO Jamie Diamond is selling 1 million shares.

1:55.8

He talking points.

1:56.8

JPMorgan Chase, CEO Jamie Diamond,

1:59.3

will begin to sell 1 million shares of the bank he runs next year.

...

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