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I am struck that so many of our leaders in the U.S. forget how strong our country can be.
Jamie Dimon
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Jamie Dimon
Age: 68
Born: 1956
Born: March 13
Banker
Business Person
New York City
New York
James Dimon
James Jamie Dimon
Forget
Strong
Country
Many
Struck
Leaders
Leader
More quotes by Jamie Dimon
We invested in the downturn and we never stopped serving our clients.
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If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you I'm not doing it because I want to be universal.
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I believe it's a good thing that people say, Can we find a way to live together in peace? And they did, for the most part.
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Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.
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We, Americans, have the best country on the planet. We have schools, universities, food, water, energy, peaceful neighbors, low corruption, you name it, deepest and widest capital markets. That doesn't mean we shouldn't identify problems. We don't have a divine right to success.
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I don't think that [normalization] necessarily is going to damage the emerging economies.
Jamie Dimon
It's offensive to me to be called a cost cutter.
Jamie Dimon
I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.
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I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call good liquidity. The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.
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The government has the right to change laws and rules and regulations.
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Our plate is full. We have a lot to do building our company organically and that is our key focus.
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And if you're going to be a leader, you know what I ask myself? Would I want to work for you in this job? Would I let my children work for you? Would I give you this job if I wasn't there to provide oversight? If you went to run another company, would I, as an investor, invest in that company?
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I am still a Democrat. The main reason is because I don't like the Republican stance on some social values. Not that I disagree with all of them. I just don't think they have a right to impose it upon other people. I've been public about that.
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We continued to build the business, even in the worst of times. We do business all over America.
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I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.
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The term too big to fail must be excised from our vocabulary.
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All our clients know that we're there, we're steady, we do a good job, we earn a fair return for ourselves, which I think is critical.
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As countries get wealthier - all of them, together - you're going to have financial assets. That is a good thing. You could argue the assets were traded too much, or that they're too highly valued, or too leveraged.
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I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's very counter-productive.
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If I ran the whole place like it was my way or the highway, we would not be as good a company. I'm going to have mistakes - they'll be made on my watch and will embarrass me. But I'll also make sure the company learns from them so it can become a better company.
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