- JPMorgan Chase & Co chief executive Jamie Dimon on Thursday called for reforms to U.S. public policy on education, infrastructure and mortgages to repair what he called the “fraying” American dream.
U.S. schools are failing to prepare students for professional-level jobs, he said, and suggested that more high schools and community colleges provide training programs and internships for specific jobs. Bad mortgage rules are also hindering U.S. economic growth, Dimon said. He called for on policymakers to reduce “onerous and unnecessary origination and servicing requirements” and to open up “the securitization markets for safe loans.”
How about banks giving more interest in deposits and mortgage rates no higher than interest on deposits?
did someone say something.....
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things JPMorgan CEO Jamie Dimon is worried about for America and his bankThe U.S. economy ‘fairly healthy,’ just not as healthy as last year and the risks of recession might be increasing, JPMorgan Chase Chief Executive Jamie... His bank should be nationalized he doesn't care for America he only cares about his bottom line never trust quichE
Source: MarketWatch - 🏆 3. / 97 Read more »
JPMorgan CEO Jamie Dimon Says the Stock Market’s Brutal 4th Quarter ‘Might Be a Harbinger of Things to Come’JPMorgan Chase CEO Jamie Dimon defended capitalism, lower corporate taxes, and stock buybacks while highlighting the bank’s strength’s in his annual letter to shareholders. True....but only because Socialism keeps baling it out and providing for matters of public policy Its true.. but at this point in the great experiment... NOT all things should be for profit... I am sure it was capitalism that saved AIG and the rest of them too....
Source: MarketWatch - 🏆 3. / 97 Read more »
Jamie Dimon says risk of cyber attacks 'may be biggest threat to the US financial system'J.P. Morgan spends almost $600 million annually to tighten its defenses and ward off a constant stream of attacks, Dimon wrote Thursday. Biggest threat is JPmorgan rigging the financial markets. Lol is that what their blaming it on! The truth is the biggest risk 👇🏻
Source: CNBC - 🏆 12. / 72 Read more »
Dimon defends capitalism: 'Socialism inevitably produces stagnation, corruption and often worse'Dimon in his annual letter acknowledged there are flaws with capitalism and that it should be combined with a strong social safety net. 9 Wall Street Execs Who Cashed In on the Crisis. Meet the moguls who made out like bandits. (NO JAIL TIME) BIG FAT BONUSES.!! 2008.!! TAX CUTS TO THE RICH DON'T WORK!! WHEN YOU DON'T PUT THESE SOB'S IN JAIL YOU GET MORE OF THE SAME.!! FuckWindmillCancer For capitalism to work properly unhindered competition is required. Government regulations cause barriers to entry in virtually every industry.
Source: CNBC - 🏆 12. / 72 Read more »
Stock futures stall | Tesla shares tanks | Dimon defends capitalismIt's not clear that the stock market's recent rally will end today, but it's also unclear that it will continue, with futures trading close to the flat line. Errr think you meant to say 'congratulations Tesla on a true American success story, another record quarter, your numbers are up quarterly, while other EV and traditional auto struggle in the mud (their EVs still have full tax credits)...Amazing that Tesla is expanding worldwide.
Source: CNBC - 🏆 12. / 72 Read more »
Jamie Dimon: 'Socialism inevitably produces stagnation, corruption and often worse'Dimon in his annual letter acknowledged there are flaws with capitalism and that it should be combined with a strong social safety net. Let's not blame economic 'systems.' It is people who are corrupt. Period socialism doesn't allow him to bankrupt the country and get bailed out
Source: CNBC - 🏆 12. / 72 Read more »
Watch Jamie Dimon speak about JP Morgan's global strategy and the state of the economyJ.P. Morgan Chase CEO Jamie Dimon will speak at the Council on Foreign Relations at 6 p.m. ET.
Source: CNBC - 🏆 12. / 72 Read more »
Trump's tax cuts added $3.7 billion to JPMorgan's profitsJPMorgan CEO Jamie Dimon praised the tax law in the bank's annual letter. The bank earned a record $32.5 billion in 2018, with sales of $111.5 billion. At the cost of tax payers , 2 TRILLON DOLLAR MORE DEBT, this isn't good for Americans No but these guys need their greed and power . What is it beyond that? They could never spend all their wealth. And my tax return ran along the national average and dropped 8%. DUMPTHETRUMPSTUMP2020
Source: BusinessInsider - 🏆 729. / 51 Read more »
J.P. Morgan CEO calls for “Marshall Plan for America,” floats higher taxes on wealthy“The wealthy should remember that if we improve our society and our economy, then they, in effect, are among the main winners,” said J.P. Morgan CEO Jamie Dimon. Talk about a 180. This guy championed the Corp tax cuts, with false promises of growth & competitiveness. Any proposal from him must be littered with loopholes. I wouldn't let a banker from the 08 recession set the rules & policies on taxes. FFS nothing prevents any American from paying more in taxes. They can do it right now. Use taxes money wisely and smartly...
Source: Newsweek - 🏆 468. / 52 Read more »
Jamie Dimon weighed a 2020 presidential run, sources say. Here's why he decided against itWith the Republican nomination unavailable and the leftward lean of the Democratic party making the election of a Wall Street tycoon unlikely, Dimon begrudgingly decided against running, sources said. Bitcoin Simply doesn't pay enough for him. I bet it took Jamie all of 30 secs to review his Presidential chances...be a banker.
Source: CNBC - 🏆 12. / 72 Read more »