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J.P. Morgan CEO on Sequestration

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    J.P. Morgan Chase CEO Jamie Dimon on concerns over the potential sequestration.

  • Duration 2:02
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-- -- very favorable -- yesterday JPMorgan Chase and that being chairman and CEO Jamie Dimon both Bank of America Merrill Lynch and Oppenheimer -- JPMorgan should outperform its peers in the next few years generous of them isn't there one of them.

Capitol Hill there are still -- up for tighter regulation on the industry and much discussion of the idea of breaking up the big banks to -- talk about all of that.

As well as forecast -- -- Morgan Chase's own data indicates about where the next rebound will be is Jamie Dimon.

Its CEO.

The market alongside chief executive your river then Ryan Mack and Ernie and very summer -- here supposedly I -- -- -- -- must.

We all love -- bus tours we go to our people clients.

Tellers loan officers we learn a lot we think of what they do yeah and it makes us all proud of our company he you know and our country by the way to travel around the get out of Washington New York yeah it's amazing country.

It is and speaking of Washington -- mean there's a lot of nonsense going on there right now at the sequestration it seems like we are a million miles away from that.

On the eve of when these dramatic cuts are supposed to go into effect.

Does it concern you what do you think the impact will be what's your reaction I I would call dramatic it's 85 billion 3.5 trillion.

It's not the what you wanna do something but I'm relieved that the politicians we have -- -- to deal with.

Yeah and that's that's washing position do you think that's the way to -- American population feels -- -- we were just talking about the data that you have showing that people are really out their spending and feeling good do you think that most of America's not focused on it.

I I don't figures focuses much of those.

As the media and marsh in New York it's are -- -- on the plane anywhere on the -- I think there's more than -- America the average.

To go to Montana an optimist Questar gas and and I think they're hoping that our government's -- and -- the right thing.

And this is a small thing we need a big thing need a big bargain.

When you do fiscal reform entitlement reform tax reform -- this -- to me is.

Almost unfortunate -- how critical is that to long term growth.

The big -- is critical to long -- -- this some not I think it is his small negative for a okay.

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