Dimon, who simply returned to work after emergency coronary heart surgical procedure, took a veiled swipe on the Trump administration and differen
Dimon, who simply returned to work after emergency coronary heart surgical procedure, took a veiled swipe on the Trump administration and different U.S. leaders for failing to organize for the outbreak. He stated the pandemic “is just one instance of the dangerous planning and administration which have damage our nation.”
“Typically extraordinary occasions in historical past may cause a change within the physique politic,” he stated. “As a nation, we have been clearly not outfitted for this world pandemic, and the results have been devastating. However it’s forcing us to work collectively, and it’s bettering civility and reminding us that all of us stay on one planet. E Pluribus Unum.”
As Washington seems at methods to ease banking guidelines to encourage additional lending, Dimon stated “we wish our shareholders to know that now we have not requested any regulatory aid for ourselves” — although he does not suppose it is a dangerous thought.
“Saying that we’ll not ask for regulatory aid doesn’t imply the federal government should not change some guidelines and laws, nevertheless,” he stated. “For instance, some guidelines can improperly stop wholesome, well-capitalized banks from lending freely in instances of stress. This could damage prospects because the disaster deepens. Leaving high-quality, accessible liquidity undeployed in instances of want is a chance perpetually misplaced.”