JPMorgan's Dimon backtracks after saying he could beat Trump

Lloyd Doyle
September 12, 2018

"I think I could beat Trump", Dimon said early Wednesday during an event at his bank's NY headquarters, according to media accounts. The fact that investment bankers notoriously play both sides of the fence and elect people from both parties also means they aren't welcome in most partisan circles. "I'm not running for president", the statement reads.

But he flaunted his business success in an additional dig at Trump. "Proves I wouldn't make a good politician", the Wall Street executive said in a statement.

Chief Executive James Dimon sounded off on President Donald Trump at a bank event on Wednesday, saying he could prevail over Mr. Trump in a presidential contest.

Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018.

"I can't beat the liberal side of the Democratic Party", he added. "It wasn't a gift from daddy".

The White House didn't immediately respond to a request for comment. And this year, Dimon said the administration's policy of separating children from parents at the US border with Mexico was cruel. There was speculation, after President Barack Obama's election, that he would be named Treasury secretary, but the job ultimately went to Timothy Geithner. For example, Disney's Bob Iger resigned from it after the president withdrew the USA from the Paris Accords.

Dimon has a mixed relationship with President Trump.

During the 2008 financial crisis, Dimon steered his company through the rough waters with JPMorgan Chase the only bank to show a profit during that time.

In another eye-brow raising swipe, Dimon also suggested President Trump isn't the self-made billionaire that the real estate tycoon presents himself to be.

Other reports by Iphone Fresh

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