Jul 22, 2017 · 1 min read
Dimon is different from the typical/demonized “bankers” in the way that he was one of the few who didn’t go into the collaterallized mortgage obligation derivatives that caused the 2008 crisis. If memory serves, he was one of the few who reckoned it’s a bad idea to pursue a business he didn’t understand — history proved him right. It would be ill-informed if people consider him the same as other “greedy Wall Street bankers”, but yes I agree it’s bad for optics that the country is led by a banker (esp after a real-estate tycoon)… unless he could distance himself from his peers.