"If you're a restaurant and you can't charge for the soda, you're going to charge more for the burger."
Jamie Dimon, chairman and chief executive of J.P. Morgan Chase, explaining why regulations like the Dodd-Frank financial regulation won't work. After all, no one would dare ask the board of directors to give up any of the $4.8 bn in profits they made in the second quarter, that would be class warfare. The only choice the banks have will be to screw the consumers with increased fees.
No comments:
Post a Comment