Jamie Dimon stated, 'a lot of bankers, they're like dancing in the street because they've had successive years and years of regulations, a lot of which stymied credit.' He highlighted that excessive regulation has hindered the capacity of banks to lend money, decreasing the ratio of loans to deposits significantly.
Dimon emphasized, 'Excessive regulation in the US is a shame, and we're doing this to ourselves, and it's a mistake.' His support for deregulation reflects a vision where industries could operate efficiently while maintaining necessary public protections.
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