While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.
From Jamie Dimon
You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.
If business doesn't thrive, it hurts America. We need improved relations, more collaboration, more thought and more consistency as we go about trying to make sure we have the best country in the world. Not scapegoating and finger-pointing.
Scale can create value for shareholders; for consumers, who are beneficiaries of better products, delivered more quickly and at less cost; for the businesses that are our customers; and for the economy as a whole.
Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
Walk into a Chase branch and we can give you so much quicker, better and faster. Like Wal-Mart.
When the government gets involved in pricing, I don't think it's the right way to look at a business.
All businesses tend to pass costs onto customers.
The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to buy and sell large amounts at very cheap prices. That is a good thing.
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