Jamie Dimon on Wall Street: We Made Mistakes But ‘We Also Did a Lotta Great Stuff’

‘I think it’s a good sign when people admit they made a mistake, which we have’

TODD: “It seems like the campaign trail whether it’s Hillary Clinton or Bernie Sanders or Jeb Bush and Donald Trump -- all of them are -- want to stick it to Wall Street in some of their tax plans and wanna show the American public that they’re going to stand up to Wall Street. Do you understand why they’re running against you?”
DIMON: “Yeah. You know, we had a crisis. A lot of people got hurt. And the average American looks at what happened and they kind of blame Wall Street which I would -- it’s generally true. We -- a lot of us were part of that problem and Washington. And, you know, I would tell the American public it wasn’t all banks. Not all banks failed. And in fact, a lot of these banks -- what we did in the crisis, we were so steadfast; we lent money to everybody at the same price when the market wouldn’t. So they couldn’t get it here, they got it from us including Illinois, California, New Jersey, city schools, states hospitals, companies, you name it. So we were there in the bad times. And, you know, all the -- but banks did bad things. And people generically blame them. And so -- we’ve -- I think it’s a good sign when people admit they made a mistake, which we have. We were part of making mistakes. We also did a lot of great stuff.”

 

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