Like seriously? Being American could also be embarrassing? These were the thoughts of the chief executive officer of JPMorgan Chase.
Dimon ranted on a conference call with some analysts on what he feels could be dragging the US backwards.
“It’s almost an embarrassment being an American travelling around the world,” Dimon said. He doesn’t like listening to the “stooopid sh!t” Americans have to deal with, expressing frustration over the nation’s inability to invest in infrastructure and overhaul the tax code. “There would be much stronger growth if there were more intelligent decisions and less gridlock.”
Dimon heaped his ire on the U.S. media during an earlier call with reporters to discuss JPMorgan’s second-quarter results. Reporters should focus on the major issues the nation faces rather than the vagaries of the firm’s trading businesses, he said. The biggest U.S. bank reported record profit despite a 19 percent revenue drop for its bond-trading franchise.
“The United States of America has to start to focus on policy which is good for all Americans, and that is infrastructure, regulation, taxation, education,” Dimon said. “Why you guys don’t write about it every day is completely beyond me. And, like, who cares about fixed-income trading in the last two weeks of June? I mean, seriously.”
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