Part of the reason some Japanese companies have underperformed financially was corporate governance and board structures. Jamie Dimon More Quotes by Jamie Dimon More Quotes From Jamie Dimon My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U.S. at some point. Whether they do or not, or if it's allowed or not, I don't know. Jamie Dimon mean country thinking The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices. Jamie Dimon recovery real jobs I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's very counter-productive. Jamie Dimon successful people thinking I am struck that so many of our leaders in the U.S. forget how strong our country can be. Jamie Dimon strong leader country Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?" Jamie Dimon data pain two I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by country, whatever. We have major competition across every product in every place we operate. Jamie Dimon giving country thinking You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system. Jamie Dimon design different principles Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility. Jamie Dimon volatility growth may I've always been a ... believer in good regulation. Jamie Dimon believer regulation I want Japan to think and say that we are better off for JPMorgan having been here through thick and thin. Jamie Dimon japan want thinking I know the President [Barack Obama]. I like him and respect him. That does not mean I agree with all of our government's policies, whether they come from Democrats or Republicans. Jamie Dimon government president mean We can take our Japanese clients around the world. We can take them to Brazil, Europe, anywhere. And we also take companies from around the world into Japan. Jamie Dimon brazil japan europe We represent companies from around the world who say, "I want to look at Japanese companies. I want to invest in Japan." Jamie Dimon japan looks world I do want the tax system to be efficient and be conducive to growth, which it is not. Jamie Dimon taxes growth want I am still a Democrat. The main reason is because I don't like the Republican stance on some social values. Not that I disagree with all of them. I just don't think they have a right to impose it upon other people. I've been public about that. Jamie Dimon social-values people thinking The question is how do you do it [more consumer protection] so that it actually works that way? And that takes analysis, and sometimes collaboration between government and business, to understand how that works. Jamie Dimon collaboration government way I agree with people who say we want more income equality; we want more consumer protection; and we want sounder banks. I agree with all that. Jamie Dimon income want people I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important. Jamie Dimon bigs important president We've had fairly consistent financial results. Jamie Dimon consistent financial results I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way. Jamie Dimon growing years thinking
