Jamie Dimon Quotes

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.

Legislation must be passed which undoes the damage caused by excessive de-regulation. That means reinstalling the regulatory firewalls that were ripped down in 1999.

Analysts say that one reason Fannie Mae and Freddie Mac were privatized in the first place was to prevent political whims from dominating the mortgage marketplace.

If the large banks can do this without breaking the rules, then the rules should be revamped.

Do you think Bernie Sanders, for example, is citing Theodore Roosevelt as the progenitor of his critique of the banks when actually Roosevelt wanted to keep the banks together and regulate them.

Let's talk about why, in the 1990s, Wall Street got deregulated. Did it have anything to do with the fact that Wall Street provided - spent billions of dollars on lobbying and campaign contributions? Well, some people might think, yeah, that had some influence.

The government isn't going to say, "We're going to regulate banks, but we'll leave these other companies alone." I think the regulators want to make sure that they have some form of regulation on anything systemic. We like our hand. But, you know, honestly, who owns the future?

I think we're fooling ourselves if we think that regulators are going to be able to outsmart the bankers. So, the task of designing regulatory reform is trying to make more or less foolproof regulation and that's one of the advantages of the systemic category.

Remember, the left corrupts everything, folks. The Democrat Party, the left corrupts every institution. They politicize it, and by virtue of that alone they corrupt it. And so at the NSA, at the Defense Intelligence Agency, at the CIA, and at the FBI, there are Obamaites, there are people that think like he.

There can be no effective control of corporations while their political activity remains.

I don't think you can have a better secretary of the Treasury than Hank Paulson.

Politics, as any observer of the modern world knows, is the enemy of economics, everywhere and always.

Now, you might say – “But why should we pay people for doing what they’re supposed to do?” It’s a fair question – but think of it this way: Every other anti-poverty program that’s been tried has failed to get the national poverty rate below 11 percent... Why shouldn’t we experiment with a program built around the one strategy that has proven time and again to work wonders – capitalism?

I think that the influence of people with power and money to distort democracy and have their interests served before the rest of the population is the biggest problem. That is caused by two things: campaign finance and the way that's structured, and by the Citizen's United supreme court decision. So those two things are keeping democracy from working right.

The thing is, right now the films don't need to be overtly political to be about our times. We also need films that are just human, that are about people. People need that, too. It's like we need to reconnect to what it is to be human. Not just what our political situation is. That's not what I'm thinking about exclusively. Human content is needed again, as it was in the '70s. I think films were more human than they've been since then.

I think that the church has to develop its own agenda, and not allow itself to be consumed by either party to the chagrin of the people that we seek to serve.

There are several dozen political prisoners in Russia. When I cite that number people are often very surprised. They often think there are more. Well - there are hundreds of thousands of people who haven't had a fair trial, who are victims of the political system. But in the Amnesty International sense of the word, most of them are not political prisoners because they are not going to prison for protesting.

Will I criticize Hillary Clinton on her position of TPP, or the lack of position? Will I criticize her on her views of Wall Street? Will I criticize her on foreign policy? That's what democracy is about, but taking cheap shots at people, making it personal, I don't think that's what politics should be about.

I've said to [Donald Trump], and I think others have said to him that the day that he is the President of the United States, there are world capitals and financial markets and people all around the world who take really seriously what he says, and in a way that's just not true before you're actually sworn in as president.

I think people are dazzled by Obama's rhetoric, and that people ought to begin to understand that Obama is going to be a mediocre president — which means, in our time, a dangerous president — unless there is some national movement to push him in a better direction.

If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.

I don't think "Reganomics" will ever fully end. I mean, Reaganomics, to put it simply, was trying to get low taxes for wealthy people. And wealthy people are still there pushing for low taxes.

The truth is we have a political system and an economic system controlled by a few extremely wealthy people. Not Barack Obama, not Bernie Sanders, no one person has the influence by himself or herself to take on this enormous array of power unless millions of people begin to work together to demand changes.

If you remove the fear of criminal punishment for the nation's political and financial elites - as we have done - what possible constraint on their behavior does anyone think will remain?