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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4 comments:
This is a perfect example of why this guy are totally over paid. They have no concept of free markets. To them a backroom deal solves everything.
Things must be getting desparate at the Morg, poor Jamie's having a minor meltdown. Things are getting bit out of his control, closer scrutiny by free media, phyz taking over paper, share price suffering.
And I never heard a more gratuitous promotion for the One World cronies.
Take a back seat Jamie and have a good look around bud - your days are numbered !
Cal
I would like to put them behind locked and closed doors as well. Preferably ones with steel bars.
Why listen to this guy? JPM stock prices tanked last year, down about thirty percent. If it weren't for crime and sleazy deals, he wouldn't have any business model at all. Now he wants to negate state laws and go international on mortgages. Sorry Global Jim, just because the banks act like there are no countries or states doesn't make it so.
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