so lets dissect what Mr Dimon says........................................................................"Jamie Dimon, head of the U.S. banking giant JP Morgan, has admitted that banks made serious mistakes in the run-up to the 2008 financial crisis.
In an exclusive interview with Handelsblatt, he said: “If someone has broken a law, they should go to jail for that. But you cannot simply say: Bankers need to go to jail. The Justice Department should punish the perpetrators and if their employer was guilty as well, then the company should also be held accountable.”
Mr. Dimon added that he believes unreasonably high fines are unfair. “I think that the misdeed and the punishment should be in proportion. Just because people are upset, you just cannot have unlimited rope when setting the amount of penalties.”
Mr. Dimon noted that JP Morgan escaped the financial crisis without needing a government bailout. But if there was something he regrets from those challenging days, it was the takeover of collapsed firms Bear Stearns and Washington Mutual.
Asked if he would do it again, he said: “No! Helping the U.S. government by rescuing these institutions has brought us a lot of legal trouble. One legal action after another was brought against us. That was my mistake as CEO; that I will not repeat.”
Mr. Dimon said banks can only regain public confidence if they respond quickly to mistakes, punish wrongdoers and inform regulators of any problems. “You can also gain trust by admitting errors and fixing them, instead of trying to sweep them under the rug,” he added"...................................................................................................................................................................1st off most of the big player banks were fraudulent with their scam mortgages they were pushing for yrs that brought about the financial collapse of 2008...WAMU was clean...
.2nd ..as far as going to jail...YES!!..but the problem is..most of the big bank players..him included were in bed together with all the dirty politicians...and Sheila Bair also...so they all pulled the purse strings...and cooked all the books for their own gain............... .3rd.. he believes the fines are unreasonably high and unfair....LMFAO...UNFAIR!!!..you know what is unfair..being able to steal a completely solvent bank worth upwards of $90 billion for $1.9 billion....i guess Jamie,,,Sheila,,and the rest that were involved that STOLE WAMU...didnt care about the families that lost everything...from their investments tlo their kids college funds that went poof overnight .4th... he says helping the US government by rescuing these institutions ..again LMFAO...WAMU didnt need rescuing..they were a solvent bank at the time...the on;y people he helped was him and his government cronies make alot of $$$$$...thats why there is legal trouble...they RIPPED OFF hard working individuals with honest investments...now all is lost...how he and Sheila and others havent gone to jail is mind blowing
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