Nine days ago JPMorgan CEO Jamie Dimon called this moment 'the most dangerous time the world has seen in decades.'
Nine days ago, Jamie Dimon, the CEO of the world's most important bank, JPMorgan Chase , called this moment "the most dangerous time the world has seen in decades." As much as I recognize the danger of this time, I was dismissive of this perilous jeremiad. My reasoning? The Republic has already faced a moment in which it was acceptable to think that all banks should be nationalized. In the wake of the Great Recession , we lost 500 banks representing $1 trillion in assets.
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of Detroit event in Detroit, Michigan, on Wednesday, Sept. 20, 2023., called this moment "the most dangerous time the world has seen in decades." As much as I recognize the danger of this time, I was dismissive of this perilous jeremiad.
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