Neil Freiman
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so that's maybe the distillation of how things are going between the United States and Europe this week.
Yeah, he said the middle powers must act together because if we're not on the table, we're on the menu.
Maybe that's not a dinner you get up from.
Let's talk about Jamie Dimon.
Jamie Dimon is the JP Morgan CEO, biggest bank in the United States.
He gave a talk.
He was on a panel and said some very newsy things.
He was asked particularly about this 10% interest rate cap on credit cards that Trump has proposed.
And Dimon's pretty much refrained from criticizing Trump, but he did call this 10% cap
on interest rates, an economic disaster.
He said that the cap would potentially strip credit from 80% of Americans.
He said, my bank is going to be doing just fine.
We'll weather the storm.
We have a ton of money.
Same with other Wall Street banks.
But it really will hit Main Street, restaurants, retailers, travel companies, and municipalities.
He said people will miss their water payments.
He did suggest the idea, kind of tongue in cheek, that they should try out this experiment in Vermont and Massachusetts and see how it goes.
Those two states are helmed at the senator position by, you have Bernie Sanders in Vermont and Elizabeth Warren in Massachusetts.
Those are the two senators that have really floated this idea.