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JPMorgan’s shares dropped after Peter Navarro called Jamie Dimon a “criminal” and demanded lower credit card rates

JPMorgan’s shares dropped after Peter Navarro called Jamie Dimon a “criminal” and demanded lower credit card rates | JAMIE, YOU'RE A CRIMINAL, UNTIL YOU DO THAT, PLEASE REFRAIN FROM COMMENTING ON OTHER PUBLIC POLICIES; HEY JAMIE, LOWER CREDIT CARD INTEREST RATES, 
CAP THEM AT 10% / YEAR; A 10% CAP WOULD BE AN “ECONOMIC DISASTER,” LIMITING CREDIT FOR SUBPRIME BORROWERS AND SQUEEZING BANK EARNINGS; CURRENT CREDIT CARD RATES AVERAGE 21–25%. A FORCED CAP WOULD SLASH BANK MARGINS OVERNIGHT | image tagged in jpmorgan,jamie dimon,peter navarro,donald trump,credit card rates | made w/ Imgflip meme maker
45 views 5 upvotes Made by Microbio 2 weeks ago in Real_Politics
1 Comment
1 up, 2w
The ONE THING he did in all those years in congress
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    JAMIE, YOU'RE A CRIMINAL, UNTIL YOU DO THAT, PLEASE REFRAIN FROM COMMENTING ON OTHER PUBLIC POLICIES; HEY JAMIE, LOWER CREDIT CARD INTEREST RATES, CAP THEM AT 10% / YEAR; A 10% CAP WOULD BE AN “ECONOMIC DISASTER,” LIMITING CREDIT FOR SUBPRIME BORROWERS AND SQUEEZING BANK EARNINGS; CURRENT CREDIT CARD RATES AVERAGE 21–25%. A FORCED CAP WOULD SLASH BANK MARGINS OVERNIGHT