--- title: "Meaning & Key Takeaway of: I haven't studied it deeply, but the…" description: "\"I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call \"good liquidity.\" The riskiest fundi..." image: "https://sms4smile.com/quotes/i/b80/jamie-dimon-1320_crisis_i-haven-t-studied-it-deeply-but-the-amer_1447943.png" --- # I haven't studied it deeply, but the American banks… ![“I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none…” quote by Jamie Dimon](https://sms4smile.com/quotes/i/b80/jamie-dimon-1320_crisis_i-haven-t-studied-it-deeply-but-the-amer_1447943.png) [Download](https://sms4smile.com/quotes/i/b80/jamie-dimon-1320_crisis_i-haven-t-studied-it-deeply-but-the-amer_1447943.png) [Open image](https://sms4smile.com/quotes/i/b80/jamie-dimon-1320_crisis_i-haven-t-studied-it-deeply-but-the-amer_1447943.png) > “I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.” [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. Unsecured wholesale funding is the most volatile source of bank liquidity risk. **In simple terms:** Unsecured funding is fickle. Key Takeaway Limit reliance on unsecured funding. Themes banking liquidity risk unsecured funding Mood analytical cautious Type financial technical When to use this quote - corporate treasury - investment banking - crisis management Key Concepts Financial stability regulatory oversight Questions to Reflect On - How can banks diversify liquidity sources? - What safeguards reduce unsecured funding risk? A Different Perspective Regulators may focus on the wrong risk. ★ ★ ★ ★ ★ No ratings yet [Crisis](https://sms4smile.com/quotes/about/crisis/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fickle](https://sms4smile.com/quotes/about/fickle/) [Focused](https://sms4smile.com/quotes/about/focused/) [Government](https://sms4smile.com/quotes/about/government/) ## Related quotes > [Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down…](https://sms4smile.com/quotes/jamie-dimon/dodd-frank-and-independent-actions-of-banks-go-a-long-way-in-terms-of/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [From my point of view, the American financial system - including banks and investment banks - is far safer because of capital and liquidity…](https://sms4smile.com/quotes/jamie-dimon/from-my-point-of-view-the-american-financial-system-including-banks/) [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. 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