Jamie Dimon Quotes

Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.

Bailing out every bank that fails makes the system riskier, not safer.

If a bank's too big so that it can't fail without hurting our economy, well then, it's too big.

Raising minimum capital requirements [for banks] is expensive. But it is safe.

Don't belittle the hurt that has been caused by the job-destroying machine that is the European Union.

The best way to hit a man is in his pocket.

I want to say very clearly that the government... is ready to intervene in order to guarantee the stability of banks and the savings of our citizens.

Some banks won’t make it. Other banks are going to make sure that we strengthen. All deposits are going to be safe for ordinary people, but we’re going to have to bring out some of these bad assets.

If you let that sort of thing go on, your bread and butter will be cut right out from under your feet.

I have been making films for 25 years now and I am not mad to invest in something from where recovery becomes an issue.

When I came to the U.S., I tried to take shortcuts to make money - but everything crashed.

Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.

If I lose my job at a furniture factory where I've worked for decades, no amount of cheaper toys and raincoats at Wal-Mart is going to make me whole again.

Some companies are worth paying for up front.

At What Cost' means so many things: go-gos were shut down for our good, but at what cost?

This is not a country where we look lightly at tens of millions of dollars in lost direct costs in restructuring entire industries, and say, well, that's not irreparable harm, it doesn't concern us.

A club like ours loses £8-10m every year to be competitive, and nobody wants to keep a business that is losing money every year.

I'm not really worried about England's banks.

Full financial citizenship means more than just a savings account and a way to transfer money and pay bills. It also requires access to credit along with the ability to accept payments and run a business, send money to family or transact business across borders, contribute to the community and help others in need, and invest for the future.

If you play professionally, you can expect to go broke at some point.

Imagine your family finally making it from nothing to something, and finally getting things going, and finally buying a beautiful house and taking care of your children - and the next day, it's completely all gone. Zero. Boom. Flat broke. So that's when I had to man up.

Nobody is going to invest in the Italian banks unless they trust their balance sheets.

As a young girl growing up in poverty, I know firsthand how much a paycheck from a summer job can make a difference.

The basic theory of bank regulation is that, left to their own devices, bankers would make banks too risky, so regulators and supervisors are there to make banks more boring. A bank is, roughly, a big pot of assets bought with depositors’ money; the bank owns essentially an option on those assets. If the assets go up, the bank gets a highly leveraged return; if the assets go down, the losses are largely the depositors’ (or the taxpayers’) problem. “Heads I win, tails you lose” … So banks have incentives to buy high-risk, high-return assets with as much leverage as possible, and risk-based capital regulation and prudential bank supervision counteract those incentives. The bankers — who own stock in their banks and get paid bonuses for making money — push for more risk and more volatility, and the bank supervisors push back.

Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.