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DOES JAMIE DIMON, WALL ST HAVE GOV'T "A LIL BIT PREGNANT?" |
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A "lil bit pregnant" is a term we used to use when negotiating M&A deals. It represents the "inflection point" at which you now wield negotiating power because it is too late for the other side to turn back from it's current negotiating position. That said, Jamie Dimon, CEO of JPMorganChase, recently questioned whether the current industry regulations (Dodd-Frank, Volcker Rule, etc.) are too harsh. Notice how he speaks with an authoritative tone, much different from his posture in 2008 when he and other Wall St. CEO's were begging the government for a bail out package. See the video below:
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