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Just Because We're Stupid Doesn't Mean Everybody Else Was.
-Jamie Dimon
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Just Because We're Stupid Doesn't Mean Everybody
Jamie Dimon
Just Because We're Stupid Doesn't Mean Everybody Else Was.
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Stupid
Mean
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A Lot Of These Things Have Hurt The Average American. When They Look At The Banks And They Say, "well, The Bank's Talking Its Own Game," I Am Telling You, What We've Done In Mortgage Lending, Our Inability To Have Proper Regulations Around Mortgages, Has Hurt Average Americans. First-time Buyers, Immigrant Buyers, Prior Defaults, Self-employed, Because They Can't Get A Mortgage. Will It Make A Big Difference To Jpmorgan Chase? No, But You're Hurting My Fellow Citizens. Let's Go At It, And Let's Fix It.
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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.
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