JPMorgan's Dimon backtracks after saying he could beat Trump

Bloomberg via Getty Images

Bloomberg via Getty Images

In another eye-brow raising swipe, Dimon also suggested President Trump isn't the self-made billionaire that the real estate tycoon presents himself to be.

He also taunted his fellow New Yorker's success. "I can't beat the liberal side of the Democratic Party". The off-the-cuff outburst "proves I wouldn't make a good politician", Dimon said. "If you talk to anyone involved in business - forget banks and big business - talk to small businesses - do it yourself, don't ask me - they'll tell you it's crippling", said Dimon. "I can't beat the liberal side of the Democratic Party", he added, in a reference to his status as a top Wall Street banker.

"The problem with banker Jamie Dimon running for President is that he doesn't have the aptitude or "smarts" & is a poor public speaker & nervous mess - otherwise he is wonderful", Trump said. I am part of the elite, ' Dimon said. They look at him as the upstart who punched the elite in the nose every day. "I'm not running for president".

"It would be a little bit....remember that show 'The Nanny" with Fran Drescher?

Dimon later said he wished he hadn't said that, adding, "I'm not a political expert".

Dimon, who has become a billionaire thanks to his stake in JPMorgan Chase, is a longtime donor to Democrats.

Further, Dimon is in agreement with the president about the need to reduce regulation.

Trump disbanded the board after he was criticized for failing to sufficiently condemn white supremacists in the aftermath of Charlottesville's rally last August.

This whole thing with Jamie Dimon becoming emperor of the world stopped being amusing months ago and you just want to visit here every few days for a Bill Ackman photoshop and watch us kick Deutsche Bank in what's left of its nuts.

This is not the first time Dimon has taken back things he's said about Trump.

Actor Bill Pullman portrayed Dimon in HBO's movie on the crisis 'Too Big To Fail'.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.