Sunday, January 15, 2012

Jamie Dimon's Solution to Housing Crisis: Lock Lenders & Regulators Behind Closed Doors

Hey, it worked for Hank, Jamie, and Lloyd with TARP in 2008.  The American people?...  Not so much.

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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