|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
JPMorgan CEO Jamie Dimon: It Would Be Irresponsible to Go Over the Fiscal Cliff
Posted by: Dheeraj Grover (IP Logged)
Date: December 13, 2012 10:36AM
Well-known and much-admired banker and CEO of JPMorgan (JPM) was at the CNBC host Andrew Ross Sorkin's DealBook Conference to share his views about the fiscal cliff. He thinks it would very irresponsible to go over the fiscal cliff. He denied claims made by many people that nothing will happen if the U.S. goes over the fiscal cliff. He said there will be lot of problems if the fiscal cliff is not resolved.
His advice to the congress: "We are one decision away from restoring our fiscal and moral authority around the world; let's just do it."
Credit and source: CNBC, www.cnbc.com
Here is the video:
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.