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It's Offensive To Me To Be Called A Cost Cutter.
-Jamie Dimon
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It's Offensive To Me To Be Called
Jamie Dimon
It's Offensive To Me To Be Called A Cost Cutter.
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Cost
Offensive
Cutters
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They Have A Policy In China For Their Big Companies Called "go Abroad." It's A Rational Thing For Both The Company And The Country To Say, "we Want Big, Successful Companies." Particularly In Areas Where They Need It: Agriculture, Energy, Technology. I Think Banking, Too. One Or Two Have Bought A Trading House. Some Have Already Begun Expanding Around The World. Of Course They're Going To Have Those Ambitions. Why Wouldn't They? They're Just Doing It Methodically. It's A Logical Strategy And, Well-executed, They Will Succeed.
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You Can Design A Mortgage System That Is Different Without A Fannie And Freddie, But There Are Principles You Have To Have, To Have A Good System.
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It's An Advantage For Both Parties To Have The Other. It Also Creates Good Stability Of Earnings. Our Business Mix Means We Have A Diversified Earnings Stream, Which Is One Of The Things Why We Got Through The Tough Times So Successfully.
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My Daughter Asked Me When She Came Home From School, "what's The Financial Crisis?" And I Said, It's Something That Happens Every Five To Seven Years.
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I Hate The Word Universal, Because I Don't Know Exactly What It Means. The Question Is, Does It Work For The Client? Travelers Was A Diversified, Financial Conglomerate That Did Very Well. The Businesses Had Nothing To Do With Each Other.
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