--- title: "Meaning & Key Takeaway of: I completely agree with the concept that…" description: "\"I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the e..." image: "https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png" --- # I completely agree with the concept that American citizens… ![“I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.” quote by Jamie Dimon](https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png) [Download](https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png) [Open image](https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png) > “I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.” [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The speaker argues that citizens should not be financially liable for bank failures nor should such failures harm the economy. **In simple terms:** Bank failures shouldn't cost citizens or damage the economy. Key Takeaway Support robust deposit insurance. Themes economics banking public policy Mood critical thoughtful Type policy critique economic analysis When to use this quote - regulatory reform - consumer protection - economic forecasting Key Concepts systemic risk financial stability Questions to Reflect On - Should banks be held fully accountable? - How can we balance safety and responsibility? A Different Perspective Moral hazard may arise if banks expect bailouts. ★ ★ ★ ★ ★ No ratings yet [American citizens](https://sms4smile.com/quotes/about/american-citizens/) [Economy](https://sms4smile.com/quotes/about/economy/) [Money](https://sms4smile.com/quotes/about/money/) ## Related quotes > [“Don’t you see?” she asked. “This is our homeland, too. We shouldn’t have to wreak havoc on the land to be seen as citizens!…](https://sms4smile.com/quotes/alyssa-cole/don-t-you-see-she-asked-this-is-our-homeland-too-we-shouldn-t-have-to/) [Alyssa Cole](https://sms4smile.com/quotes/author/alyssa-cole/) > [“In my mind, the function of the bank is to save your money. The bank should not cost you money.”](https://sms4smile.com/quotes/celso-cukierkorn/in-my-mind-the-function-of-the-bank-is-to-save-your-money-the-bank/) [Celso Cukierkorn](https://sms4smile.com/quotes/author/celso-cukierkorn/) > [We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change…](https://sms4smile.com/quotes/jamie-dimon/we-are-going-through-a-period-of-profound-political-and-economic/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Our investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money,…](https://sms4smile.com/quotes/jamie-dimon/our-investment-bank-looks-like-it-does-because-its-customers-like-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and…](https://sms4smile.com/quotes/jamie-dimon/i-don-t-think-you-re-going-to-have-one-bank-big-companies-aren-t/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Our Navy was very largely sunk. And we were at war in no time at all. I share, in retrospect, the distress we all…](https://sms4smile.com/quotes/william-a-rusher/our-navy-was-very-largely-sunk-and-we-were-at-war-in-no-time-at-all-i/) [William A. Rusher](https://sms4smile.com/quotes/author/william-a-rusher/) > [A large portion of American citizens, especially people of color, have lost confidence in our criminal justice system. Many have called for appointing special…](https://sms4smile.com/quotes/russell-simmons/a-large-portion-of-american-citizens-especially-people-of-color-have/) [Russell Simmons](https://sms4smile.com/quotes/author/russell-simmons/) > [Think of the undying glory that hangs around the ancient name of Africa and forget not that you are native-born American citizens, and as…](https://sms4smile.com/quotes/henry-highland-garnet/think-of-the-undying-glory-that-hangs-around-the-ancient-name-of/) [Henry Highland Garnet](https://sms4smile.com/quotes/author/henry-highland-garnet/) > [“I am a citizen of this country,” I declare, “and Mr. Mayor, tonight I will be a citizen of this city when I put…](https://sms4smile.com/quotes/jerry-ash/i-am-a-citizen-of-this-country-i-declare-and-mr-mayor-tonight-i-will/) [Jerry Ash](https://sms4smile.com/quotes/author/jerry-ash/) > [Having spent 37 years of my life in the military as a reservist, and never having met a gay in all of that time,…](https://sms4smile.com/quotes/barry-goldwater/having-spent-37-years-of-my-life-in-the-military-as-a-reservist-and/) [Barry Goldwater](https://sms4smile.com/quotes/author/barry-goldwater/) > [We have a bunch of American citizens who step up because that's what we do. We'll step up and go across the world to…](https://sms4smile.com/quotes/ed-reed/we-have-a-bunch-of-american-citizens-who-step-up-because-that-s-what/) [Ed Reed](https://sms4smile.com/quotes/author/ed-reed/) > [There's been a systematic propagandizing of American citizens for 30 years to make us forget what America is supposed to be and what our…](https://sms4smile.com/quotes/naomi-wolf/there-s-been-a-systematic-propagandizing-of-american-citizens-for-30/) [Naomi Wolf](https://sms4smile.com/quotes/author/naomi-wolf/) > [I want to say unequivocally that while I cherish every person who comes from anywhere, who comes here legally and seeks to pursue happiness,…](https://sms4smile.com/quotes/newt-gingrich/i-want-to-say-unequivocally-that-while-i-cherish-every-person-who/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [Think about it: we went into slavery pagans; we came out Christians. We went into slavery pieces of property; we came out American citizens.…](https://sms4smile.com/quotes/booker-t-washington/think-about-it-we-went-into-slavery-pagans-we-came-out-christians-we/) [Booker T. Washington](https://sms4smile.com/quotes/author/booker-t-washington/) > [Let us at all times remember that all American citizens are brothers of a common country, and should dwell together in bonds of fraternal…](https://sms4smile.com/quotes/abraham-lincoln/let-us-at-all-times-remember-that-all-american-citizens-are-brothers/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) ## More by Jamie Dimon > [I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster.…](https://sms4smile.com/quotes/jamie-dimon/i-think-if-we-had-another-set-of-policies-for-not-the-crisis-years/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very…](https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to…](https://sms4smile.com/quotes/jamie-dimon/the-united-states-has-the-best-deepest-widest-and-most-transparent/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [People always say to me, "What if it doesn't work?" If it doesn't work, we redouble our effort. We're not going to cry like…](https://sms4smile.com/quotes/jamie-dimon/people-always-say-to-me-what-if-it-doesn-t-work-if-it-doesn-t-work-we/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We've made a huge effort globally and in the US, in getting kids jobs. This is one piece. The South Bronx and inner-city schools…](https://sms4smile.com/quotes/jamie-dimon/we-ve-made-a-huge-effort-globally-and-in-the-us-in-getting-kids-jobs/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [You know, the benefit in life is to say, 'Maybe you made a mistake, let's dig deep.](https://sms4smile.com/quotes/jamie-dimon/you-know-the-benefit-in-life-is-to-say-maybe-you-made-a-mistake-let-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [JP Morgan always has higher capital liquidity, that is partially to make up for mistakes and problems and obviously its a tough economy. We…](https://sms4smile.com/quotes/jamie-dimon/jp-morgan-always-has-higher-capital-liquidity-that-is-partially-to/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Trade is very good for the country. It's very good for the GDP. It's good for wages, but it doesn't mean it's always good…](https://sms4smile.com/quotes/jamie-dimon/trade-is-very-good-for-the-country-it-s-very-good-for-the-gdp-it-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I've asked our people, "Why don't we just put a revolver on top of our basic loan?" Make it easier for the client.](https://sms4smile.com/quotes/jamie-dimon/i-ve-asked-our-people-why-don-t-we-just-put-a-revolver-on-top-of-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for…](https://sms4smile.com/quotes/jamie-dimon/as-a-matter-of-fact-25-of-our-u-s-investment-banking-business-comes/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ 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,… ](https://sms4smile.com/quotes/jamie-dimon/not-every-company-went-bankrupt-not-every-bank-needed-tarp-troubled/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I do want the tax system to be efficient and be conducive to growth, which it is not.](https://sms4smile.com/quotes/jamie-dimon/i-do-want-the-tax-system-to-be-efficient-and-be-conducive-to-growth/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ There are parts \[in Dodd-Frank\] that I don't agree with. But, in total, it is what it is. ](https://sms4smile.com/quotes/jamie-dimon/there-are-parts-in-dodd-frank-that-i-don-t-agree-with-but-in-total-it/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [It's good for America when the rest of the world grows, because you can sell more to the rest of the world.](https://sms4smile.com/quotes/jamie-dimon/it-s-good-for-america-when-the-rest-of-the-world-grows-because-you/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.](https://sms4smile.com/quotes/jamie-dimon/we-had-a-lot-of-gridlock-on-a-lot-of-issues-but-the-american-system/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) [Explore all 257 Jamie Dimon quotes ](https://sms4smile.com/quotes/author/jamie-dimon/) ## More Agree quotes > [Any comprehensive doctrine, religious or secular, can be introduced into any political argument at any time, but I argue that people who do this…](https://sms4smile.com/quotes/john-rawls/any-comprehensive-doctrine-religious-or-secular-can-be-introduced/) [John Rawls](https://sms4smile.com/quotes/author/john-rawls/) > [Islam never differentiates between men and women as regards political rights and puts them on an equal footing. However, even if a woman is…](https://sms4smile.com/quotes/yusuf-al-qaradawi/islam-never-differentiates-between-men-and-women-as-regards-political/) [Yusuf al-Qaradawi](https://sms4smile.com/quotes/author/yusuf-al-qaradawi/) > [“All these creatures spend their time explaining, realizing happily that they agree with each other.”](https://sms4smile.com/quotes/jean-paul-sartre/all-these-creatures-spend-their-time-explaining-realizing-happily/) [Jean-Paul Sartre](https://sms4smile.com/quotes/author/jean-paul-sartre/) > [I talk to fashion designers and say I want some money to save the rainforest, and they say, 'Oh, I agree with you completely…](https://sms4smile.com/quotes/vivienne-westwood/i-talk-to-fashion-designers-and-say-i-want-some-money-to-save-the/) [Vivienne Westwood](https://sms4smile.com/quotes/author/vivienne-westwood/) > [As for doing good; that is one of the professions which is full. Moreover I have tried it fairly and, strange as it may…](https://sms4smile.com/quotes/henry-david-thoreau/as-for-doing-good-that-is-one-of-the-professions-which-is-full/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [Climate change poses clear, catastrophic threats. We may not agree on the extent, but we certainly can't afford the risk of inaction.](https://sms4smile.com/quotes/rupert-murdoch/climate-change-poses-clear-catastrophic-threats-we-may-not-agree-on/) [Rupert Murdoch](https://sms4smile.com/quotes/author/rupert-murdoch/) > [Never be afraid of doing the thing you know in your heart is right, even if others don't agree.](https://sms4smile.com/quotes/elizabeth-berg/never-be-afraid-of-doing-the-thing-you-know-in-your-heart-is-right/) [Elizabeth Berg](https://sms4smile.com/quotes/author/elizabeth-berg/) > [It's fine to talk about politics with people you agree with. But it is rude to argue about politics with people you disagree with.…](https://sms4smile.com/quotes/lawrence-lessig/it-s-fine-to-talk-about-politics-with-people-you-agree-with-but-it-is/) [Lawrence Lessig](https://sms4smile.com/quotes/author/lawrence-lessig/) > [ I will not agree to have this bill \[to repeal DADT \] go forward, because our economy is in the tank. ](https://sms4smile.com/quotes/john-mccain/i-will-not-agree-to-have-this-bill-to-repeal-dadt-go-forward-because/) [John McCain](https://sms4smile.com/quotes/author/john-mccain/) > [“I tend to agree with that little devil more and more these days.”](https://sms4smile.com/quotes/elle-casey/i-tend-to-agree-with-that-little-devil-more-and-more-these-days/) [Elle Casey](https://sms4smile.com/quotes/author/elle-casey/) > [People might not agree with me, but I think a woman should have a feminine shape, something you can get your hands on. You,…](https://sms4smile.com/quotes/carlos-ruiz-zafon/people-might-not-agree-with-me-but-i-think-a-woman-should-have-a/) [Carlos Ruiz Zafon](https://sms4smile.com/quotes/author/carlos-ruiz-zafon/) > [On 9-11, we discovered that we cannot escape from the world. To me personally, this was a life-changing experience, and I realized, as did…](https://sms4smile.com/quotes/george-w-bush/on-9-11-we-discovered-that-we-cannot-escape-from-the-world-to-me/) [George W. Bush](https://sms4smile.com/quotes/author/george-w-bush/) > [But I would say if the Security Council is only relevant if it agrees with the United States, then we have come a long…](https://sms4smile.com/quotes/hans-blix/but-i-would-say-if-the-security-council-is-only-relevant-if-it-agrees/) [Hans Blix](https://sms4smile.com/quotes/author/hans-blix/) > [We're never all going to agree with each other. We have to learn to value the diversity. It's one of the presumable principles of…](https://sms4smile.com/quotes/paul-r-ehrlich/we-re-never-all-going-to-agree-with-each-other-we-have-to-learn-to/) [Paul R. Ehrlich](https://sms4smile.com/quotes/author/paul-r-ehrlich/) > [A contract is an ask game, and if it asks for an hour, and I submit to an hour, then it's an hour. When…](https://sms4smile.com/quotes/chuck-berry/a-contract-is-an-ask-game-and-if-it-asks-for-an-hour-and-i-submit-to/) [Chuck Berry](https://sms4smile.com/quotes/author/chuck-berry/) Browse all 3,079 Agree quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would cost them money, or that it would hurt the economy.", "creator": { "@type": "Person", "name": "Jamie Dimon" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/jamie-dimon/i-completely-agree-with-the-concept-that-american-citizens-shouldn-t/", "about": { "@type": "Thing", "name": "Agree" }, "@id": "https://sms4smile.com/quotes/jamie-dimon/i-completely-agree-with-the-concept-that-american-citizens-shouldn-t/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png", "contentUrl": "https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png", "url": "https://sms4smile.com/quotes/i/b79/jamie-dimon-1320_agree_i-completely-agree-with-the-concept-that_1192031.png", "width": 1080, "height": 1080, "caption": "“I completely agree with the concept that American citizens shouldn't expect that a failure of a bank would…” — Jamie Dimon", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Jamie Dimon", "item": "https://sms4smile.com/quotes/author/jamie-dimon/" }, { "@type": "ListItem", "position": 4, "name": "I completely agree with the concept...", "item": "https://sms4smile.com/quotes/jamie-dimon/i-completely-agree-with-the-concept-that-american-citizens-shouldn-t/" } ], "@id": "https://sms4smile.com/quotes/jamie-dimon/i-completely-agree-with-the-concept-that-american-citizens-shouldn-t/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```