“I don’t believe in settling cases,” Trump told me yesterday. “I’m not Jamie Dimon, who pays $13 billion to settle a case and then pays $11 billion to settle a case and who I think is the worst banker in the United States.”…

…Trump says it is “horrible” that Dimon is settling instead of fighting the (federal government) litigation. “What happened to the days when you actually go to trial?” he asks. “I’m from the old school.”, Excerpt from October 23, 2013 Bloomberg article

“I recently found out (see February 2017 excerpt from National Review article below) about this 2013 Bloomberg article where now President Trump criticizes JP Morgan Chairman and CEO Jamie Dimon for caving in to government pressure, from the liberal Obama Administration, to settle untrue government allegations about JP Morgan’s mortgage lending practices and other activities.”, Mike Perry, former Chairman and CEO, IndyMac Bank

“And the president is picking his opponents astutely. He will eat some of Wall Street’s free fiscal lunch, but give with the other hand as he dismantles the moronic regulatory excess of Sarbanes-Oxley. A group of bankers was in to see him last week, including former ostentatious Democrat Jamie Dimon of JPMorgan Chase, who was rewarded for his fervent support of Obama with a $13 billion fine over his handling of the (government-created) mortgage bubble. Dimon is now a Trump supporter, although Trump publicly criticized him for caving to the Justice Department without a fight. Black’s NR 2/7/17 National Review article…

“Trump once called Dimon “the worst banker in the United States.” Trump criticized Dimon in 2013 for reaching a $13 billion settlement with the U.S. government over the sale of toxic mortgages instead of fighting the case.” excerpt from January 17, 2017 CNBC article

Posted on March 7, 2017, in Postings. Bookmark the permalink. Leave a comment.

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