JPMorgan Chase CEO Jamie Dimon calls out the 'dangerous' government debt and 'shenanigans of politics' impacting sectors which could help the U.S. economy grow by 3%.
JPMorgan Chase CEO Jamie Dimon says banks will be there for customers in good times and bad.
"I'm talking about on the day that America can't pay its debt, that has potentially disastrous outcomes. Once American debt goes into default, a lot of people can't own it anymore and American debt doesn't cross-default, but it's cumulative," the CEO told"The [Treasury bill] defaults, and the next week T-bill defaults, the next week T-bill defaults, pension plans have to sell," Dimon continued.
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