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The Great Gatsby
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Jamie Dimon Quotes

The term ‘too big to fail’ must be excised from our vocabulary.

– Jamie Dimon

Scale can create value for shareholders; for consumers, who are beneficiaries of better products, delivered more quickly and at less cost; for the businesses that are our customers; and for the economy as a whole.

– Jamie Dimon

It’s really important that policy be properly designed. It’s not enough just to.. .get angry over a subject.

– Jamie Dimon

We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.

– Jamie Dimon

Business has to have a seat at the table. Infrastructure isn’t going to be built properly if business doesn’t have a seat at the table. A school is not going to happen if businesses don’t work with schools about what kind of jobs they really need.

– Jamie Dimon

America is best when we come together with clear leadership, expertise, and the political will to take on difficult challenges and get things done. No one should ever doubt the strength and resilience of our country and our democracy.

– Jamie Dimon

I think that technology is the best thing that ever happened to mankind. It’s an absurd notion that somehow, ‘My God, what are we going to do when driverless cars come along?’ It’s going to save lives on the road. And maybe, one day, we’ll all be working four days a week and not five or six days a week.

– Jamie Dimon

We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change in voting to elect Donald Trump as the 45th President of the United States.

– Jamie Dimon

Remember that banks aren’t markets. The market is amoral. The market doesn’t care who you are. You’re a trade to the market. The market will sell you if they think you’re riskier.

– Jamie Dimon

If you’re making all your money simply betting on interest rates, that’s not a business. Flow is a business. On the outside, they look the same for a while. But when you dig into them, no, they weren’t exactly the same.

– Jamie Dimon

America has the best hand ever dealt to any country on this planet, ever. Yes, we have problems, but you travel around the world, you’ll see we have it all.

– Jamie Dimon

It’s good for America when the rest of the world grows, because you can sell more to the rest of the world.

– Jamie Dimon

The problem is not that the U.S. economy won’t be able to take care of its citizens – it is that taking away benefits, creating intergenerational warfare, and scapegoating will make for very difficult and bad politics. This is a tragedy that we can see coming. Early action would be relatively painless.

– Jamie Dimon

Most decisions are not binary, and there are usually better answers waiting to be found if you do the analysis and involve the right people.

– Jamie Dimon

Until Donald Trump got to where he was, they said you’ll never see a rich businessman who’s never been in politics be president. I clearly was wrong about that.

– Jamie Dimon

I don’t buy this thing that our industry is responsible for all the ills of the world. We have great people at JPMorgan Chase. We operate with a lot of rigor. Our clients are happy with us.

– Jamie Dimon

The government has the right to change laws and rules and regulations.

– Jamie Dimon

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that’s a wonderful endeavor.

– Jamie Dimon

There are downsides to a lot of things. There are downsides to flying – people die every now and then. Do you want to stop all air flights? There are downsides to pharma; sometimes they’re misused. Do you want to stop using pills?

– Jamie Dimon

In the old days, you dealt with one regulator. Now it’s five or six. You all should ask the question how American that is.

– Jamie Dimon

Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.

– Jamie Dimon

I am not embarrassed to be a banker. I am not embarrassed to be in business.

– Jamie Dimon

I am not responsible for the financial crisis, I hate to tell you.

– Jamie Dimon

You can compromise without violating your principles, but it is nearly impossible to compromise when you turn principles into ideology.

– Jamie Dimon

No one can forecast the economy with certainty.

– Jamie Dimon

Everything needs to work at the same time. But what keeps society vibrant permanently is jobs, industry, business, and stuff like that. It pays for everything else. If you just build affordable housing, and those people don’t have jobs, it’ll no longer be affordable soon. So you really have to build around the business community.

– Jamie Dimon

It is true that too many people are not getting a fair opportunity to get ahead. We must find ways to help them move up the economic ladder, and everyone – business, government, and nonprofits – needs to play a role.

– Jamie Dimon

While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.

– Jamie Dimon

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.

– Jamie Dimon

It’s great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.

– Jamie Dimon

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