America Quote by Jamie Dimon
“Well, if you were the American public, you saw a catastrophe. In general, you would say, "The biggest institutions of America - Washington, broadly, and Wall Street, broadly - they're to blame." And, broadly, they're right.”
About This Quote
Source Interview: Financial Outlook, 2022
The speaker blames major institutions for systemic failures, implying that public perception aligns with this view.
In simple terms: People blame big institutions for crises.
Key Takeaway
Recognize institutional influence on outcomes.
Themes
accountability
institutional power
public perception
Mood
critical
analytical
Type
political
economical
When to use this quote
- policy analysis
- media criticism
- public discourse
Key Concepts
economics
political science
Questions to Reflect On
- What reforms could improve institutional accountability?
- How can citizens influence large institutions?
A Different Perspective
Institutions can also be sources of solutions, not just blame.
![“I don't think all the blame lies with Wall Street. I think a lot of the blame lies with the [George W.] Bush administration. They went back to trickle-down economics. They took their eye off the mortgage market, they took their eye off the finance markets, and we ended up in a big mess.” quote by Hillary Clinton](https://sms4smile.com/quotes/img-quotes/5a1/hillary-clinton-51_administration_i-don-t-think-all-the-blame-lies-with-wa_3138053.jpg)
![“I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster. But we didn't. And some of that was Republicans' [fault], by the way.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/c6a/jamie-dimon-1320_crisis_i-think-if-we-had-another-set-of-policie_34817.jpg)
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
![“I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]” quote by Bill Hicks](https://sms4smile.com/quotes/img-quotes/3d2/bill-hicks-970_america_i-ll-smoke-i-ll-cough-i-ll-get-the-tumor_655.jpg)
