The CEO of JPMorgan Chase, Jamie Dimon, on Wednesday took a jab at Sen. Elizabeth Warren (D-MA), questioning her grasp of the banking system.
“I don’t know if she fully understands the global banking system,” Dimon said about Warren at an event in Chicago, according to Bloomberg.
He added that he agrees with Warren on some of her concerns over financial risk and that he would like to meet with Warren.
Warren, a member of the Senate Banking Committee, has railed against “too-big-to-fail” banks and government regulators for not holding financial institutions accountable.
In an April speech, Warren addressed her understanding of Wall Street and criticisms that she doesn’t understand the banking system.
“The finance guys argue that if you’re never in the club, you can’t understand it. But I think they have it backwards. Not being in the club means not drinking the Kool-Aid,” she said. “Yeah, most of the finance guys were smart. But no smarter than a lot of other people I knew — men and women — who did a lot of other kinds of work.”
Jamie, if Americans really understood banking, a lot of your class would be in jail. So I guess I’m gonna side with Elizabeth Warren on this one.
I think Elizabeth Warren understands banking just fine. What she doesn’t understand, or at least doesn’t condone, is unrestrained greed.
Wow. Patronizing AND Misogynistic in the same sentence!
Then again, this IS Jamie Dimon.
No man deserves to be in jail more, while having not a chance in hell of it happening.
Actually, I think I’d put him a long way behind Dick Cheney and the rest of the unrepentant war criminals of his administration on that list. Not that he doesn’t deserve to be in jail, mind you, but there are others with prior claims to that distinction.
Mr. Dimon has tried to belittle and/or threaten those who disagree with him before. Rather than being a grownup and saying, “we disagree a lot,” he resorts to mansplaining or bullying. LEADERSHIP!!1!!1!