JPM CEO Jamie Dimon reportedly has begun pushing for Federal Government guarantees of mortgages, stating in a recent press conference, and we quote: “If I were the dictator, I would want a government-guaranteed mortgage.”
First Presidential Cuff-links, and now if I were the dictator quotes?
Perhaps Dimon views the office of President as being so 2012?
As The Street reports:
JPMorgan Chase (JPM_) CEO and Chairman Jamie Dimon said so many things during the bank’s lengthy investor day last month, that much of it appears to have gone unnoticed. Still, it is difficult to understand why the following statement did not get at least a bit more attention.
“If I were the dictator, I would want a government-guaranteed mortgage.”
That’s right, he really said that. It was about 30 minutes after he told CLSA analyst Mike Mayo, “that’s why I’m richer than you” — a statement that has elicited far more discussion.
Thankfully Mr. Dimon, it is not quite yet time for Armageddon, and neither you nor Blythe are the dictator.