Jamie Dimon Derides Confusing Financial Rules


Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., used his annual letter to shareholders to rail against ‘contrived and confusing’ financial rules that he said may stymie lending. Dawn Kopecki reports on Dimon’s letter, released yesterday, on Bloomberg Television’s.

“We have hundreds of rules, many of which are uncoordinated and inconsistent with each other.”

“Complexity and confusion should have been alleviated, not compounded.”

David Einhorn: This NJ Deli With One Location And Little Revenue Is Trading At $100M+ Valuation

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIn his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More

Dimon is either bluffing or does not understand the rules. If it is the later, it is quite scary, since he is the CEO of arguably the most powerful bank in the country.

I think Dimon and Corzine are both out of the running now for Tres Sec if Obama (unfortunately) is re-elected:

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