CEO of JPMorgan: ‘It’s almost embarrassing being an American citizen’
Washington Post ^ | 07/14/2017 | By Renae Merle
Posted on 7/14/2017, 3:03:06 PM by Responsibility2nd
NEW YORK — Since President Trump’s election, Jamie Dimon has emerged as one of Wall Street’s most prominent voices in Washington. The chief executive of JPMorgan Chase serves on the White House business advisory council and is chairman of the powerful Business Roundtable.
But in a series of calls on Friday to discuss the big bank’s quarterly profits, Dimon vented his frustration with gridlock in Washington. “It’s almost embarrassing being an American citizen … and listening to the stupid s— we have to deal with in this country,” Dimon said in one conference call. The inability to make headway on significant legislation is “holding us back and it is hurting the average American. It isn’t a Republican issue; it is not a Democratic issue.”
Dimon has resisted calls from shareholders to he step down from Trump’s business council and fell short of criticizing the Republican on Friday. “We have become one of the most bureaucratic, confusing, litigious societies on the planet,” he said. ” … And at one point we all have to get our act together or we won’t do what we’re supposed to do for the average Americans.”
(Excerpt) Read more at washingtonpost.com …