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Just Because We're Stupid Doesn't Mean Everybody Else Was.
-Jamie Dimon
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Just Because We're Stupid Doesn't Mean Everybody
Jamie Dimon
Just Because We're Stupid Doesn't Mean Everybody Else Was.
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Stupid
Mean
More From Jamie Dimon
The Economic Union - Creating A Big Common Market, Like The United States, So That You Can Compete Across Borders. There Are Common Rules, Regulations, And Simplification, And That Is Still A Good Reason, Too. When They Put Their Monetary Union Together, That Created A Rigidity That Made It Hard For Currency Fluctuations. They Don't Really Have A Solution To That.
Creating
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It's An Advantage For Both Parties To Have The Other. It Also Creates Good Stability Of Earnings. Our Business Mix Means We Have A Diversified Earnings Stream, Which Is One Of The Things Why We Got Through The Tough Times So Successfully.
Party
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If The Government Wants To Do Social Policy, It Should Not Be Done In A Quasi-public Company. If You Have A Mortgage Guarantee Company Which Is Done By The U.s. Government, It Should Be Guaranteed By The Originators, I.e., The Shareholder.
Government
Guarantees
Done
If It Is A Small Rate Raises, [there Will Be] No Impact.
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When You Walk Into A Store And You Want To Buy Something, You Give Them Cash And They Sell It To You. But Very Often, You Walk Into Our "store" And You Want Something - A Credit Card, Maybe, Or A Loan - And Very Often The Answer Is "no," Even If You're A Large Corporation.
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