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[narrator] Remember Jamie Dimon

The New Corporation: The Unfortunately Necessary Sequel

Remember Jamie Dimon from JPMorgan Chase? He's the CEOwho wants to save Detroit. Detroit...

The New Corporation: The Unfortunately Necessary Sequel • 2020

[narrator]
Remember Jamie Dimon from JPMorgan Chase? He's the CEO
who wants to save Detroit. Detroit was devastated
by the 2008 financial crisis. A third of its homes
were abandoned. Over the next five years, it spiraled towards
rock bottom. [news anchor]
When the 2008 financial crisis hammered North America, long suffering Detroit
was hit especially hard. Detroit is officially
the largest city in history to file for bankruptcy. [narrator] After bankruptcy,
Jamie Dimon and his bank stepped in
with vast amounts of capital. - Why Detroit?
- So, obviously it's good for the bank,
but... but it's part humanity, trying to help your city
and your people come back and recover
from what had been basically a terrible 20 years

Full Transcript

00:00:01.000 --> 00:00:02.021

[narrator] Remember Jamie Dimon

00:00:02.335 --> 00:00:04.337

from JPMorgan Chase?

00:00:05.255 --> 00:00:07.059

He's the CEO who wants to save Detroit.

00:00:09.003 --> 00:00:13.012

Detroit was devastated by the 2008 financial crisis.

00:00:13.722 --> 00:00:15.306

A third of its homes were abandoned.

00:00:16.141 --> 00:00:17.684

Over the next five years,

00:00:17.809 --> 00:00:19.644

it spiraled towards rock bottom.

00:00:20.437 --> 00:00:22.048

[news anchor] When the 2008 financial crisis

00:00:22.605 --> 00:00:24.441

hammered North America,

00:00:24.566 --> 00:00:27.235

long suffering Detroit was hit especially hard.

00:00:27.036 --> 00:00:29.904

Detroit is officially the largest city in history

00:00:30.029 --> 00:00:31.614

to file for bankruptcy.

00:00:33.616 --> 00:00:35.827

[narrator] After bankruptcy, Jamie Dimon

00:00:35.952 --> 00:00:38.496

and his bank stepped in with vast amounts of capital.

00:00:39.164 --> 00:00:40.915

- Why Detroit? - So, obviously

00:00:41.999 --> 00:00:42.959

it's good for the bank, but... but it's part humanity,

00:00:43.003 --> 00:00:44.544

trying to help your city and your people

00:00:44.669 --> 00:00:46.421

come back and recover from what had been

00:00:46.546 --> 00:00:48.214

basically a terrible 20 years.

Duration

48 seconds

Views

35

Timestamp in Movie

00:18:31

Uploaded

May 27, 2025

Genres

Production

N/A

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Movie Summary

Exposes how companies are desperately rebranding as socially responsible - and how that threatens democratic freedoms.