Interesting quote (6)

Jamie Dimon.pngNobody ever bothers to deny something that is plainly impossible.

So when CEOs of a major bank deny something, the blog always worries.

The ‘Interesting quote’ series began in August 2007, when the blog noted Chuck Prince (then CEO of Citgroup) as saying:

‘We see a lot of people on the Street who are scared. We are not scared. We are not panicked. We are not rattled. Our team has been through this before.’ We are ‘still dancing’.

We all know what happened next.

Now Jamie Dimon (JP Morgan Chase CEO) has told shareholders:

“There’s no outcome that would be a disaster for this company. I am not sitting here worried about the ultimate loss on this thing”.

The blog hopes his confidence is well-placed.

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