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I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.
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
Believe
Exchange
Years
Fairly
Relative
Foreign
Large
Amount
Economies
Economy
Emerging
Also
Reserves
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I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.
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I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.
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I don't think that [normalization] necessarily is going to damage the emerging economies.
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Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things then we'll buy them.
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If it is a small rate raises, [there will be] no impact.
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The government has the right to change laws and rules and regulations.
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We're diversified, we're stable and consistent. Our businesses benefit from each other.
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Companies that build scale for the benefit of their customers and shareholders more often succeed over time.
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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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We did not anticipate the political fallout from it. We definitely didn't need it and we paid it back the first day we were allowed to.
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