‘Another weight on the scale’ towards recession: Dimon on recent banking turmoil

Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. #CNN #News

35 comments

  1. The real question is how many times does Jamie dimon need to be proven wrong before people quit listening to him

    1. @Call me the Breeze office…from a supporters of the Don the Con…”it’s better to keep your mouth shut and be thought of a fool, then open it to remove all doubt”

    1. @Call me the Breeze My my. don’t you have quite the homosexual fantasies rolling around in your head.

  2. 2021 deregulation is what happened. Every single time banks are deregulated, the CEOs write themselves multi-million dollar bonuses and put clients money in risky strategies to try and make themselves even more money faster. Every. Single. Time.

  3. “It also creates unintended consequences ”

    Hes essentially saying that even if you make new laws, we will try to find way to subvert those laws

    1. It is how business go they will anything that is possible to make extra money. I think i saw some business commentator said the same thing will do everything possible within the boundary to make extra bucks. If the regulator said nothing the bank will do it.

  4. Jaime Dimon is exactly part of the problem. He’s had this thumb on the scale for so long people don’t even notice that he’s lying

  5. JP Morgan is worried about “quantitative tightening”. Big surprise. No more free money to the banks! The horror!

  6. This is the same guy who said in 2006 it was impossible for there to be another great depression because private bankers know how to stop it. Then 2008 happened. So much for master of the universe Jamie Dimon.

    1. 2008 sucked but was nowhere near a great depression. Not defending the guy, I don’t know jack about him

  7. Prices have been going up since Jan of ’23 and as a result many people’s quality of life has diminished.

  8. The older I get the more I realize how many of these geniuses are flying by the seat of their pants and throwing crap up against the wall to see what sticks

  9. Nice puff piece on the very person who lets this kind of stuff go on. It’s these types of people that need to be eliminated from the financial industry. He’s only worried about his personal bank accounts and his shares.

  10. Ask him about the card scammers and how they step up to protect their customers and make them whole!!! Huh? ❤ GOD Bless Everyone

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