Tags: JPMorgan | ceo | Dimon | Hundred | Municipalities | May | Not

JPMorgan's Dimon: A Hundred Municipalities May Not ‘Make It’

Wednesday, 30 Mar 2011 02:35 PM

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate their debt and a hundred of them may “not make it.”

“I wouldn’t panic about what I’m about to say,” he said today at a U.S. Chamber of Commerce event in Washington.

“You’re going to see some municipalities not make it. I don’t think it’s going to shatter America, I just think it’s a part of the credit cycle.”


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JPMorgan Chase Co. Chief Executive Officer Jamie Dimon said some municipalities will need to renegotiate their debt and a hundred of them may not make it. I wouldn t panic about what I m about to say, he said today at a U.S. Chamber of Commerce event in Washington....
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Wednesday, 30 Mar 2011 02:35 PM
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