Comment on Bailed-Out Chase CEO Dimon: People Should Pay Mortgages "Even If They're Underwater"

Bailed-Out Chase CEO Dimon: People Should Pay Mortgages "Even If They're Underwater"

Bailed-Out Chase CEO Dimon: People Should Pay Mortgages

Chase CEO Jamie Dimon, whose bank received $25 billion in bailout funds from the government, refused to tell CNBC anchor Melissa Francis how the bank is performing this quarter. "Can you tell me how this quarter is doing for JPMorgan?" Francis asked. Dimon's brief response: "I can't." Last October, Dimon was a little more explicit on an earnings conference call: "I would be shocked if we make lots of money one of these quarters, anyway." Dimon says they're watching investment-banking clients carefully.

 

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