Jamie Dimon Warns US Banking Crisis Will Be Felt for Years, Regulators Didn’t Stress Test Rate Hikes! (This One’s Gonna Hurt Us)
by confoundedinterest17 JPMorgan Chase’s Jaime Dimon is channeling country crooners Marty Stuart and Travis Tritt by warbling “This One’s Gonna Hurt You (For A Long, Long Time).” Silicon Valley Bank’s blunders were encouraged by US regulation, went untested by the Federal Reserve and were “hiding in plain sight” until Wall Street and depositors grew alarmed. That’s JPMorgan … Read more