71 “quickly becoming Wall Street’s banker of last resort”: Robin Sidel, “In a Crisis, It’s Dimon Once Again,”
71 “All hail Jamie Dimon!” Andrew Bary, “The Deal—Rhymes With Steal—of a Lifetime,”
72 “I want to be rich”: Leah Nathans Spiro, “Ticker Tape in the Genes,”
72 “I think you’re wrong!” Shawn Tully, “In This Corner! The Contender,”
73 which his mother showed to Weill: Leah Nathans Spiro, “Smith Barney’s Whiz K id,”
73 “Can I show it to people here?” As Monica Langley reported: “Sandy liked the paper enough that he sent Jamie a note: ‘Terrific paper. Can I show it to people here?’ ” Langley,
73 “I won’t pay you as much ”: Ibid., 74
73 “Jews are going to take over American Express!”: Ibid., 71.
73 watching Weill sleep off his martini lunches: Ibid., 103.
73 the $1.65 billion acquisition of Primerica: Robert J. Cole, “2 Leading Financiers Will Merge Companies in $1.65 Billion Deal,”
74 A $1.2 billion purchase of Shearson: Dana Wechsler Linden, “Deputy Dog Becomes Top Dog,”
74 “You’re a fucking asshole!”: Langley,
74 $4 billion deal for Travelers: Greg Steinmetz, “Primerica, Travelers Seal Merger Pact; Takeover May Speed Insurer’s Recovery,”
74 “Promote her”: Langley,
74 “Now we can be father and daughter again”: Ibid., 254.
74 the $83 billion merger with Citicorp: Announced as a $70-billion merger Monday morning, by the day’s end Travelers had soared 18 percent and Citicorp 27 percent, bringing the merger’s value up to $83 billion. Langley,
75 “It’s bad enough how you treat me”: Langley,
75 “Don’t you ever turn your back on me while I’m talking!”: Roger Lowenstein, “Alone at the Top,”
75 summoned Dimon to the corporate compound in Armonk: Timothy L. O’Brien and Peter Truell, “Downfall of a Peacemaker,”
76 the Internet retailer Amazon: Duff McDonald, “The Heist,”
76 Dimon brought in his own team of expense cutters: Shawn Tully, “In This Corner! The Contender,”
76 “fortress balance sheet”: Jamie Dimon representing JP Morgan Chase at the Credit Suisse Group Financial Services Forum, February 7, 2008.
77 celebrating his fifty-second birthday over dinner: A listair Barr, “Dimon Steers J.P. Morgan Through Financial Storm,” MarketWatch.com, December 4, 2008.
78 “This wasn’t a negotiating posture”: “Panel II of a Hearing of the Senate Banking, Housing and Urban Affairs Committee,” Federal News Service, April 3, 2008.
78 “I am very troubled by the failure of Bear Stearns”: “Panel I of a Hearing of the Senate Banking, Housing and Urban Affairs Committee,” Federal News Service, April 3, 2008.
CHAPTER FOUR
79 private dinner to mark the end of a G7 summit: Treasury provided a list of dinner attendees to the press that Friday. Lehman’s Fuld was listed alphabetically between Larry Fink of BlackRock and John Mack of Morgan Stanley. “Attendees for G7 Outreach Dinner with Banks,” Reuters, April 11, 2008.
79 it would raise $4 billion: Jenny Anderson, “Trying to Quell Rumors of Trouble, Lehman Raises $4 Billion,”
79 “We’re closer to the end than the beginning”: Joseph A. Giannone, “Goldman CEO Says Credit Crisis in Later Stages,” Reuters, April 10, 2008.
81 a new IMF Report: International Monetary Fund, “Global Financial Stability Report,” April 2008, 50.
81 staggering amount of leverage—the amount of debt to equity: “At the end of the first quarter in 2008, the leverage ratios at Morgan Stanley, Lehman Brothers, Merrill Lynch, and Goldman Sachs were 31.8, 30.7, 27.5, and 26.9, respectively, compared with an average of 8.8 for all U.S. commercial banks and savings institutions.” Senate Joint Economic Committee, “Financial Meltdown and Policy Response,” September 2008.
81 “Isn’t there something you can do to order us not to take all of these risks?”: Paulson,
82 “You are all bright people”: Paulson,
82 “Just finished the Paulson dinner”: “Hearing on Causes and Effects of the Lehman Brothers Bank ruptcy,” House of Representatives Committee on Oversight and Government, October 6, 2008. See
