Jamie Dimon has a plan to fix the U.S. housing market: lock mortgage lenders and regulators behind closed doors until they figure it out.
“I would convene all the people involved in the business, I would close the door, I'd stay there until we resolved a bunch of these issues so we could have a more healthy mortgage market,” the 55-year-old chief executive officer of JPMorgan Chase & Co. said today...
“You could fix all this if someone was in charge,” Dimon said, tapping on the table for emphasis. “No one is in charge.”
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“You could fix all this if someone was in charge,” Dimon said, tapping on the table for emphasis. “No one is in charge.”
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