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It's Offensive To Me To Be Called A Cost Cutter.
-Jamie Dimon
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It's Offensive To Me To
Jamie Dimon
It's Offensive To Me To Be Called A Cost Cutter.
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More From Jamie Dimon
A Bank Is A Relationship. I Can't Desert You And Expect To Have A Strong Relationship Afterward. If I Told Someone, "i Know You've Been Buying Milk From Me And You Need Milk To Survive. But The Price Is No Longer $2 A Gallon. It's Going To Be $40 A Gallon. I'm Going To Bankrupt You." What Do You Guys Think Of Me? You Would Hate Us.
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It's An Advantage For Both Parties To Have The Other. It Also Creates Good Stability Of Earnings. Our Business Mix Means We Have A Diversified Earnings Stream, Which Is One Of The Things Why We Got Through The Tough Times So Successfully.
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A Lot Of These Things Have Hurt The Average American. When They Look At The Banks And They Say, "well, The Bank's Talking Its Own Game," I Am Telling You, What We've Done In Mortgage Lending, Our Inability To Have Proper Regulations Around Mortgages, Has Hurt Average Americans. First-time Buyers, Immigrant Buyers, Prior Defaults, Self-employed, Because They Can't Get A Mortgage. Will It Make A Big Difference To Jpmorgan Chase? No, But You're Hurting My Fellow Citizens. Let's Go At It, And Let's Fix It.
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Jp Morgan Always Has Higher Capital Liquidity, That Is Partially To Make Up For Mistakes And Problems And Obviously Its A Tough Economy. We Support An Oversight Committee, We Supported Some Of The Compensation, New Compensation Rules, Though We Already Follow Most Of Them. We Support A Lot Of It.
Mistake
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When The Secretary Of Treasury, The Head Of The Central Bank, The Head Of The Fdic (federal Deposit Insurance Corp.), And The Head Of The New York Fed Say, "we Want You To Do This Because We Think It's In The Best Interest Of The United States Of America," You Know, We're Like The Japanese. We're A Little Patriotic That Way. We Said, "yes, Sir!"
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