Elizabeth Warren has rightly received a lot of praise for her criticism of the big banks and now is the response. This coming from JP Morgan Chase Jamie Dimon who says you silly liberal. What do you know about banking.
John Iadarola (Think Tank) and Jimmy Dore (The Jimmy Dore Show) break it down. Does Elizabeth Warren know what she’s talking about? Tell us what you think in the comments below.
Read more here: http://www.bloomberg.com/news/articles/2015-06-10/dimon-says-unsure-if-warren-understands-global-banking-system
“JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon took aim at U.S. Senator Elizabeth Warren, a critic of large banks, as he expressed broad concerns about leadership in Washington.
“I don’t know if she fully understands the global banking system,” Dimon, speaking Wednesday at an event in Chicago, said of the Massachusetts Democrat. Still, he said he agrees with some of her concerns about risks.
Warren, a Senate Banking Committee member, has won popular support and gained influence in her party by openly challenging the size of large lenders and their political power. She has said it was a mistake for the U.S. government to refrain from breaking up big banks, such as Citigroup Inc., after the 2008 financial crisis. Last month, as firms including JPMorgan pleaded guilty to resolve probes into market-rigging, she criticized regulators for granting waivers that let the companies continue operating certain businesses.”
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