White House Expects Market Panic to Spark Deal

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Oct. 14 (Bloomberg) -- Julianna Goldman reports on the U.S. government shutdown and debt ceiling negotiations on Bloomberg Television's "Market Makers. (Source: Bloomberg)

This is "lunch money" streaming live on your tablet and mobile phone.

I am in for adam johnson.

The biggest financial institutions march out with their earnings this week.

Friday jpmorgan was first out of the gates reporting its first loss under jamie dimon.

He took a $72 billion charge tied to the london whale scandal.

At a financial summit, he stood by the job that he and his employees are doing.

[indiscernible] our fixed income is up.

We run a business certain climate.

We run a business serving clients.

Some are self-inflicted.

We confess to the whole world.

Some are industrywide.

We will get through that.

I think the country has integrity down to the tip of its toes.

We have more than our share.

We will keep on doing our job.

Serving our country.

It is the highest it has ever been.

Our clients are happy.

We saw the scenario.

I can serve my clients.

We will have all of these new rules.

Most of the people have acknowledged whether there are legitimate things.

To say that our consumer clients are not happy is not accurate.

He faces plenty of criticism over his handling of regulatory probes.

An op-ed said "his continuing role is a system that punishes white-collar crime by exacting corporate fines and not personal responsibility." -- we are a moral company.

Just because someone wrote that, i know who they are, we tried to do it with our clients and small businesses.

We operate a 100 countries around the world.

We have been here for a long time.

We will deal with those issues.

That is not a company moral.

We have issues that we will deal within.

I will happy to speak with those people.

We do not just make statements that are probably not true.

Jpmorgan is in the business of managing risk.

It is difficult to think that we take the modern world and simplify it.

You should make it as simple as possible but no simpler.

Airplanes are complicated.

Pharmaceuticals are compensated.

-- complicated.

One loan document is complicated.

You are not going to eliminate all of this.

There is some negative to it.

Planes crash and banks do stupid things.

Look at what has happened to mankind over the last 700 years.

We should try to manage it but not eliminate it.

Coming up, why robert schiller is one of this years of three winners for a nobel prize

This text has been automatically generated. It may not be 100% accurate.

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