JPMorgan CEO: I'd bet against Trump in 2020

[Yo_Mama_Been_Loggin]

JPMorgan Chase & Co. CEO Jamie Dimon on Wednesday predicted President Trump won’t be in office for a second term. 

“If I had to bet, I’d bet three and a half,” Dimon said when asked at an Economic Club of Chicago luncheon how many years Trump will be in office, according to Reuters.

“But the Democrats have to come up with a reasonable candidate … or Trump will win again,” he added. Dimon suggested Democrats push a “pro-free enterprise” agenda. 

The latest polls have shown Trump with his lowest approval ratings to date. A poll last week showed 41 percent of people approve of Trump’s performance, while 59 percent disapprove. 

http://thehill.com/business-a-lobbying/361627-jpmorgan-ceo-id-bet-trump-loses-in-2020

[FarCenter]

1. I would never shake the hand of the government again,

Dimon also brought up several gripes he’s previously aired. He said he regrets buying Bear Stearns Cos. because his firm was later fined for that bank’s actions. He said he’ll write a book about the lessons from the financial crisis, and name people that treated the bank unfairly in regards to the government-requested purchase.

“I would never shake the hand of the government again,” Dimon said. “I don’t trust any one of them, ever.”

https://www.bloomberg.com/news/articles/2017-11-22/dimon-says-he-d-raise-his-own-taxes-to-get-corporate-rates-cut

He's right too. JPMC should never have bailed out Bear Stearns. If it went under and took other financial institutions with it, the government should have cleaned up the mess by itself in bankruptcy proceedings.

And he should never have taken the $75 billion in TARP money either.

[octoberlib]

2. I don't think Trump's gonna run.