Of course JP Morgan would say that. They would be devastated by a US default. I see that as a good thing.
WASHINGTON (MarketWatch) — If the U.S. were to default on its debt, it would be catastrophic occurrence that would snowball, a top U.S. banker said Wednesday.
“If anybody wants to push that button, which would be catastrophic and unpredictable, I think they are crazy,” J.P. Morgan & Chase Co. Chief Executive Jamie Dimon told a U.S. Chamber of Commerce gathering.