Hypocritical Oath
There’s nothing wrong with pointing out a deficiency in a system. However, when Jamie Dimon says it’ll take a year for the banking system to recover, it’s not because he’s worried. It’s because he sees the opportunity the moment is presenting and he’s trying to capitalize. By questioning the solvency of small banks, he’s effectively saying big banks are the only safe place. Whether or not he’s correct isn’t the point. Instead, it’s just a way to try and grab more market share.
