American - Businessman | March 13, 1956 -
The term 'too big to fail' must be excised from our vocabulary.
Jamie Dimon
VocabularyFailBigMustOurToo
I am not embarrassed to be a banker. I am not embarrassed to be in business.
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When the government gets involved in pricing, I don't think it's the right way to look at a business.
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We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
GovernmentSupportThinkDownDone
You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
GoodDesignYouMortgagePrinciples
I've seen people, when they get into these bigger and bigger jobs, it goes to their heads. I've seen it. Some people in life change who they are, and some don't. I'm basically the same guy I've always been.
LifeChangePeopleSome PeopleSame
Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
GoodEatingLivingBuffaloStill
JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously it's 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.
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There are legitimate concerns long term, in my view, about nuclear war and policy and stuff like that. But the world has become a better place every 20 years for the last 2,000 years.
WarWorldBetterViewLongPlace
Donald Trump has put some professional people around himself. Experienced. Successful. I know a lot of people seem to think that success and experience are reasons you shouldn't serve in public office. But they are knowledgeable and smart, and they've been around the world.
SuccessExperienceSmartPeopleYou
You wonder, 'How could it possibly be me?' Well, of course it could happen to you. You have it. Then, of course, you wake up every morning, and you hope it's a bad dream. Then you wake up. I have cancer.
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Among those people not graduating, there might be a Steve Jobs or Barack Obama. We'll never know.
PeopleKnowNeverBarack ObamaThose
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