Economy
JP Morgan CEO: Bank failure is okay as long as it doesn’t cause a “domino effect”
In an interview with CNN Wednesday, JP Morgan CEO Jamie Dimon said it’s okay for some banks to collapse as long as the financial system can handle it. “Failure is ok, you just don’t want this domino effect,” said Dimon.
Top Stories
Trending
- CDC raises its response to Ebola outbreak to the highest threat level
- Treasury Secretary vows law-breaking leftist nonprofits to face prosecution, asset seizures
- Judge resurrects white teacher's lawsuit against district for racial segregation, 'stigmatization'
- Thune to face censure vote from SD GOP over SAVE America Act
- American Energy institute launches website critical of 'extreme' climate scenarios