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Do you understand what the head of JP Morgan Chase Bank just said (finance.yahoo.com)

posted 1 year ago by mitmont123 1 year ago by mitmont123 +204 / -0

JPMorgan CEO Jamie Dimon says he wouldn't be 'a big buyer of a bank' and sounds the alarm on the economy

The JPMorgan executive told a conference that the proposed capital controls on banks will pressure economic growth, alongside other factors.

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– apeigo2 4 points 1 year ago +4 / -0

The usual, we don't need regulating as it would lead to less growth (for him)

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– Gold_is_money 2 points 1 year ago +2 / -0

Regulated by whom? Imo, regulators only run cover for the powers-that-be.

There’s no substitute for doing your own due-dilligence. Freedom comes with responsibilties and the system (regulators) cannot be trusted.

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