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Rescuing a failing bank at the government's request is not worth doing again, because a later administration will make you pay for the sins you inherited.

Drawn from what Jamie Dimon said

government

government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.

A private bookmark. Not a position, and never counted.

What Jamie Dimon actually said

Word for word, with the source under each one. They did not write this page.

  1. Jamie Dimon

    Chairman and chief executive of JPMorgan Chase

    So, you while we kind of saved the system a lot, we bailed a lot of people out, they made us pay 5 billion dollars on the more the bad mortgages that Bear Stearns had done. And that's what made me make the statement I wouldn't do it again.

Added to korrents 16 Jul 2025 · How quotes work · Something wrong? Tell us

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