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Phil Albinus
Phil Albinus
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The Top Dimon Testimony Quotes

Yesterday, JPMorgan CEO and Wall Street Golden Boy Jamie Dimon testified before the Senate Banking Committee and critics are calling the session a veritable love fest. Even though he was called to explain his firm's stunning $2 billion (and counting) bet gone wrong, not a silver hair was ruffled on the CEO's head. Here's a selection of killer quotes from the CEO himself, a US senator who actually challenged him and media commentators who watched as Dimon swatted away the softballs without breaki
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5. On Europe

If we had done something remotely like Simpson-Bowles, in my opinion, you would have reduced uncertainty about taxes, you would have increased confidence in America, you would have shown a real fix of the long-term fiscal problem.

- Dimon, asked a softball question to comment on the economic situation in Europe. He added, "We have to get our fiscal act together. The fiscal cliff may not wait until December 31."

Source: CNN

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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