JPMorgan Chase has waded into some of the major issues of 2021, pausing all political contributions in the aftermath of the Jan. 6 insurrection at the U.S. Capitol and with Dimon himself speaking out against the recent voting restrictions passed in Georgia.
“We must remember that the concepts of free enterprise, rugged individualism and entrepreneurship are not incompatible with meaningful safety nets and the desire to lift up our disadvantaged citizens,” Dimon adds. “We can acknowledge the exceptional history of America and also acknowledge our flaws, which need redress.”
While exalting capitalism, he also mentioned the need for government regulation to ensure a fair and efficient system. This middle of the road outlook is not new coming from Dimon. Legum said that JPMorgan and its CEO have long struck a balance of keeping a good relationship on both sides of the aisle.
JP Morgan Chase is vile and we need more financial services regs to protect investors, not the big banks. See this thread: JPMorganChase JPMorgan Chase JamieDimon DimonJamieBrady
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