Jamie Dimon is many things. CEO of JPMorgan Chase. Crusader
for the rights of banks. Self-proclaimed "defender of the truth." A
living, breathing, F-bomb-dropping reminder that we don't live in the Soviet
Union.
“I don’t buy this thing that our industry is responsible for
all the ills of the world," Dimon recently explained in a Q&A session
with Chase summer interns. "We have great people at JPMorgan Chase. We
operate with a lot of rigor. Our clients are happy with us. Sure, we make
mistakes, like we have got this Whale thing. Businesses make mistakes. So we’ve
got to clean them up, learn from them, and get better….."
And to those who think that lawmakers are bowing to
pressures from Wall Street, Dimon implies that it's the other way around and
that it's bankers who are running in fear from regulators.
“Everyone is afraid of retaliation and retribution," he
explains. "We recently had an event with a hundred small bankers here, and
85 percent of them said they can’t challenge the regulation because of the
potential retribution. That’s a terrible thing. Okay? This is not the Soviet
Union. This is the United States of America. That’s what I remember. Guess
what?... [shouting] It’s a free. F---ing. Country."
No comments:
Post a Comment