Dimon Criticizes Basel III Endgame, Calls It 'Harmful'

JPMorgan Chase Chair and CEO Jamie Dimon testifies about the US government's proposed bank regulatory plans. During his testimony before the Senate Banking Committee, Dimon says none of the proposed changes would have prevented the Silicon Valley Bank failure.

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[AndrewDeVilbiss-xrp]

Tell us you scared without telling us your scared.

[peterponcedeleon]

Government meddling is almost always a recipe to massive unintended consequenses. Get government out of the way.

[mrman]

Regulator should instead focus on the enforcement of punishment on management responsible of bank failures, not change the capital requirements because it is simply not preventive to bank failures. Very distorted judgment.

[SLVBRZ-wfws]

Silver and Gold! Down with fiat currency. The banks had several years to act on Basel 3. Not the American taxpayers' fault, but the fault of the banks and government.

[hkmorhsi]

Oh no, the regulators are finally doing their job! What a shame.

[milosnestorovic]

There is No Complete and Absolute Regulation...It is simply and Absolutely Impossible Now and Always....

[cenobitetoastcrunch]

You looking a little worried, Bro.

What's wrong? What are you worried about? Harmful to who? Banker Boys?

Lol! Good.

[duran]

F Dimon & legacy finance 🤢🤢🤮
DeFi TODAY🤏
DeFi TOMORROW🤏
DeFi FOREVR 🤏