Jamie Dimon Quotes

We cannot afford the EPA's continued expansion of red tape that is slowing economic growth and threatening to entangle millions of small businesses.

I think a lot of times there is a tendency in Washington to make rules because of something that was adverse or fraud or something like that. And we make a lot of rules and end up hurting a lot of innocent people that are trying to start up their companies.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

The sum of all the current regulations presents ever increasing hurdles.

In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.

The constant need for special waivers is symptomatic of poorly written public policy. It's a signal that the cost of compliance is unreasonably high; the benefits are hard to measure; and either legislators or regulators have failed to do their homework.

Our government is just way too interested in mucking around in Silicon Valley by creating and enforcing rules based on little or no understanding of the consequences.

It’s a battle in which the Wall Street lobbying and public-relations machine will have a decisive advantage…. With the regulators, you don’t have to win. You just have to gum them up. And that is exactly what Wall Street has done.

We're so overregulated as a country that we just crushed our productivity.

As the son of a small business owner, I know how regulatory overreach can stifle our economy and cost Americans jobs.

I frankly think we in the financial service world believe we need appropriate kinds of regulations. No question about that. But when something like Dodd-Frank has been created, sort of in the mystery of night, it is a huge document. It's vast. It weighs about 10 pounds when I carry it around.

We have got so many regulatory laws already that in general I feel that we would be just as well off if we didn't have any more.

Often you see big companies, big banks who are eager to embrace crushing regulatory burdens because they drive up everyone's costs.

We're one of the most highly regulated industries, and we have to pay attention to what government is doing.

Developing countries often have hypertrophied bureaucracies, requiring businesses to deal with enormous amounts of red tape.

You don't make a system more effective by increasing the number of regulators.

There are over 170,000 pages of regulations in Washington, D.C. I want to streamline the rules in the federal government to basically allow businesses to grow without fear of burdensome federal regulations. That's a passion to me, regulatory reform.

There's been so much corruption and so much cronyism in the taxi industry and so much regulatory capture, that if you ask for permission upfront for something that's already legal, you'll never get it.

When one gets in bed with government, one must expect the diseases it spreads.

When businesses affirmatively like regulations, that's when to reach for your wallet.

I'm not a big believer in the power of more regulation to fix things. I think it can almost be more dangerous because it provides the illusion that things have been fixed without the substance.

No government body is more notorious for over-legislation than the Department of Trade and Industry.

The great fear that hung over the business community in the 1970s was death by regulation, and the great goal of the conservative movement, as it rose to triumph in the 1980s, was to remove that threat - to keep OSHA, the EPA, and the FTC from choking off entrepreneurship with their infernal meddling in the marketplace.

Sooner or later, the regulated industry tries to get control of the regulating body.

In the old days, you dealt with one regulator. Now it's five or six. You all should ask the question how American that is.