JPMORGAN preparing for US credit default…

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JPMorgan Chase CEO Jamie Dimon said that the multinational investment bank has started to prepare for a “potentially catastrophic” situation in which the United States could default on the national debt.

Dimon said in a Tuesday interview with Reuters that while the country’s largest lender has previously planned for such a scenario, and “every single time this comes up, it gets fixed,” he argued that the country “should never even get this close.”

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“I just think this whole thing is mistaken and one day we should just have a bipartisan bill and get rid of the debt ceiling,” he added. “It’s all politics.”

thehill.com/policy/finance/574385-dimon-says-jpmorgan-preparing-for-potentially-catastrophic-us-credit-default?rl=1

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