JPMorgan Chase CEO Jamie Dimon complained of the Democrats’ bureaucratic “blue tape” plaguing Southern California post-fire rebuilding efforts, claiming the left-wing officials in control want “more and more and more regulations.”
While visiting a Chase Bank location that was burned during the devastating Pacific Palisades fire in Los Angeles in January, Dimon lambasted the politicians who “have never run anything” and gave his idea on how to make the massive cleanup project more efficient:
“I’d change the name from ‘red tape’ to ‘blue tape’ because it’s the Democrats who seem to want more regulations,” the banking executive told Fox 11 Los Angeles this week.
He continued, “We need good regulations. We need good food, we need good financial systems — It’s just not more, more, and more. And you see it in everything — permitting and licensing — and there are lessons to be learned.”
According to the CEO, “You should be saying, ‘I want an efficient government,’” no matter if you are a “Democrat or Republican.”
“I would have a Palisades rebuilding building with everyone in the room. Literally — right here,” Dimon…
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