Big Bank Exec Brags He Could Beat Trump, Immediately Regrets It
JPMorgan Chase’s Jamie Dimon said Wednesday morning that he could beat President Donald Trump in 2020, but by mid-afternoon the executive was apologizing for his bawdy talk.
“I think I could beat Trump,” Dimon said at an event Wednesday morning intended to celebrate JP Morgan’s philanthropy. “I’m as tough as he is, I’m smarter than he is.”
The bank later sent out a statement from the chief executive doing an about-face.
“I should not have said it. I’m not running for president,” the statement notes. “Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”
The two men have a rocky relationship. (RELATED: JP Morgan CEO Jamie Dimon Says Trump Will Do Right By America)
Dimon was a member of the president’s strategy and policy forum before leaving in 2017 following fallout from the Charlottesville riot. Trump campaigned for president on a broadly populist message, painting himself as someone who would stand up to Wall Street and globalism.
“It’s a global power structure that is responsible for the economic decisions that have robbed our working class,” he said in one ad, “stripped our country of its wealth, and put that money into the pockets of a handful of large corporations.”
Trump criticized Dimon in 2013 for supposedly contributing to the country’s economic downturn.
“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,” he told reporters.