Everyone on Wall Street is commenting on Jamie Dimon’s Congressional testimony today. For the most part, they’re saying that things went well considering the fact that the JP Morgan CEO was talking about a $2 billion trading loss.
Not Jim Cramer, though. Far from it.
He actually said that he thinks Dimon is a loser. He didn’t say it once, he didn’t say it twice… he said it a lot, and nothing his co-hosts could say change his mind.
It went something like this:
He didn’t win, he’s a loser, because you lose when you go in in front of Congress and you lose when you go out, he’s a loser. He walked in a loser, testified and walked out a loser and let me tell you something, he agrees with me. He’s a loser because he had no control… because he doesn’t know what happened at his own bank….You go in there as a guy who was stupid, you don’t go out being smarter. Ya know? You come out just as stupid.”
Cramer went on to say that he didn’t care if Dimon didn’t invite him anywhere because of his comments either. So there’s that.
For the full effect, watch below.