JPMorgan CEO Jamie Dimon on Trump: My wealth no "gift from daddy"

Marco Green
September 13, 2018

By noon, the bank sent out a statement from its chairman and chief executive officer backtracking completely: "I should not have said it".

"I think I could beat Trump" in an election, the Wall Street executive said at an event Wednesday morning that was supposed to celebrate his firm's philanthropy. 'I don't think the American public looks at Trump as part of the elite.

Dimon, 62, has said publicly in the past he will not run for president and does not have the temperament for the job.

But he flaunted his business success in an additional dig at Trump.

"I grew up in a poorer part of Queens than he did, but I am a banker".

Dimon said his original remark "proves I wouldn't make a good politician".

After the inauguration, he said Trump had reawakened "animal spirits" in the U.S. Dimon has also praised the president's softer regulation and a tax policy that's generous to rich companies and people. "I am part of the elite", Dimon continued.

He also added that while he could beat Trump, he couldn't "beat the liberal side of the Democratic party".

'And by the way this wealthy New Yorker actually earned his money, ' Dimon said.

The White House didn't immediately respond to a request for comment. "It wasn't a gift from Daddy".

"It would be a little bit....remember that show 'The Nanny" with Fran Drescher?

Dimon later said he wished he hadn't said that, adding, "I'm not a political expert".

Dimon, who has become a billionaire thanks to his stake in JPMorgan Chase, is a longtime donor to Democrats. The banking executive fully supported President Trumps corporate tax cuts that passed late previous year, but has expressed frustration with the White Houses positions on immigration and trade.

Dimon may well be smarter than Trump, but that is a very low bar to clear.

Actor Bill Pullman portrayed Dimon in HBO's movie on the crisis 'Too Big To Fail'.

Other reports by Click Lancashire

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