A Quote by Jamie Dimon

You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way. — © Jamie Dimon
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
Wall Street banks have the right to express their views to lawmakers and regulators through lobbying, but the law is clear: If they want to influence lawmakers, they must disclose their lobbying expenditures.
I'm a lobbyist and had a career lobbying. The guy who gets elected or the lady who gets elected president of the United States will immediately be lobbying. They would be advocating to the Congress, they'll be lobbying our allies and our adversaries overseas. They'll be asking the business community and labor unions.
Our elected officials must understand that we, the American people, expect them to perform the duties of their office, even when that means working with other elected officials from different parties.
To drain the swamp of corruption in Washington, D.C., I started by impose ago five-year lobbying ban on white house officials, and a lifetime ban on lobbying for a foreign government.
Lobbying has become a term of reproach, as if it were improper to push for a particular belief. This has happened because of paid lobbyists whose opinions are for hire and the fear that decision-makers, whether politicians or officials, are susceptible to their charms and wiles. This has tarred entirely proper lobbying with the same brush.
The public wants elected officials who have character. The public wants elected officials who are willing to stand up and say things, even if they don't agree with them.
Regulators are a backstop: they don't own banks. The governance at the top of our leading banks has been shown to be lamentably weak. No one at the top of Barclays will take responsibility for systemic abuse.
Elected officials shouldn’t get to choose who gets to choose elected officials.
When you look at every government, they're our elected officials, and you have to have some form of respect for them.
My view is that Washington and the regulators are there to serve the banks.
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
I don't want to put words in Geithner's mouth, but I think he is generally against the revolving door of government officials taking jobs with companies that they have overseen or in roles that involve lobbying. At minimum, I'm pretty sure he felt that way about himself.
I think that the voters should choose the elected officials, not the elected officials choose the voters.
I've definitely had inappropriate comments. I've had a producer tell me: 'I'm thinking about you constantly.' He didn't say: 'I'm thinking about you for this project.' He said: 'I'm thinking of you constantly.' It's definitely inappropriate. You can't say that to an actor.
In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.
People in the mass media tend more and more every day to look and act like elected and appointed officials.
This site uses cookies to ensure you get the best experience. More info...
Got it!