[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 305.6K followers Created: 2025-07-11 20:59:49 UTC In a podcast earlier this year, JPMorgan CEO Jamie Dimon shared a dramatic behind-the-scenes story from the 2008 financial crisis—when a $XX billion phone call set off one of the most frantic two-day stretches of his career. On March 13, 2008, Dimon was dining with his parents when Bear Stearns CEO Alan Schwartz called in a panic: “I need $XX billion tonight or we’ll go bankrupt in Asia by morning.” Dimon replied honestly, “Even I don’t know how to get $XX billion.” But he immediately mobilized his senior team, ordering them to the office. Within hours, JPMorgan staff were combing through Bear’s books. By the next morning, they had done six months of due diligence and closed a historic acquisition. Dimon said he had been preparing for a moment like this for years. He ran JPMorgan with strict stress testing and focus on capital, even when others dismissed the caution. When the financial system started unraveling, his bank was ready. Crisis response meant around-the-clock meetings and brutal decision-making. Dimon didn’t romanticize the chaos—he credited JPMorgan’s resilience to discipline, not luck. His key takeaway: “Don’t celebrate the rising tide. Be prepared for when it goes out.”  XXXXX engagements  **Related Topics** [alan](/topic/alan) [jpmorgan chase](/topic/jpmorgan-chase) [stocks financial services](/topic/stocks-financial-services) [stocks banks](/topic/stocks-banks) [Post Link](https://x.com/Benzinga/status/1943777272206414081)
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Benzinga @Benzinga on x 305.6K followers
Created: 2025-07-11 20:59:49 UTC
In a podcast earlier this year, JPMorgan CEO Jamie Dimon shared a dramatic behind-the-scenes story from the 2008 financial crisis—when a $XX billion phone call set off one of the most frantic two-day stretches of his career.
On March 13, 2008, Dimon was dining with his parents when Bear Stearns CEO Alan Schwartz called in a panic: “I need $XX billion tonight or we’ll go bankrupt in Asia by morning.” Dimon replied honestly, “Even I don’t know how to get $XX billion.”
But he immediately mobilized his senior team, ordering them to the office. Within hours, JPMorgan staff were combing through Bear’s books. By the next morning, they had done six months of due diligence and closed a historic acquisition.
Dimon said he had been preparing for a moment like this for years. He ran JPMorgan with strict stress testing and focus on capital, even when others dismissed the caution. When the financial system started unraveling, his bank was ready.
Crisis response meant around-the-clock meetings and brutal decision-making. Dimon didn’t romanticize the chaos—he credited JPMorgan’s resilience to discipline, not luck.
His key takeaway: “Don’t celebrate the rising tide. Be prepared for when it goes out.”
XXXXX engagements
Related Topics alan jpmorgan chase stocks financial services stocks banks