In riposte, Trump says JPMorgan's Jamie Dimon lacks 'smarts' to be president

Lloyd Doyle
September 16, 2018

"I think I could beat Trump", Jamie Dimon, chief executive of J.P. Morgan Chase & Co., said while answering questions at a charity-promotional event held Wednesday at the financial giant's NY headquarters, per CNBC.

Donald Trump has accused a bank chief of being a "nervous mess" after the head of JPMorgan Chase said he could beat the United States president in an election.

Still, Trump-never one to let a negative comment slide by, as per his advice in his 1987 memoir, The Art of the Deal-clapped back at Dimon, saying it's his "great economic policy" that makes bankers like Dimon look "much smarter than they are". He could punch me all he wants.

President Donald Trump really besmirched the corporate elite while taking the Presidency.

"And by the way this wealthy New Yorker actually earned his money", Dimon added.

An hour later, Dimon backtracked.

Dimon began the battle of the business people during an event Wednesday at his bank's headquarters. "I'd fight right back", Dimon said during a panel discussion with ABC News reporter Rebecca Jarvis.

"I'm like a really smart person", Trump has said.

Donald Trump called JP Morgan Chase's chief executive, Jamie Dimon, a "nervous mess" on Thursday, the day after the banker said he could beat Trump in a presidential campaign and said he was "smarter than he is". "I get frustrated because I want all sides to come together to help solve big problems", Dimon said in a statement. "It wasn't a gift from Daddy".

Dimon nearly immediately realized that he was in the wrong realm and his company issued a statement retracting his comments.

Dimon quickly clarified that he is not running for president and should not have made the remarks.

Other reports by Iphone Fresh

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