Dimon says JPMorgan preparing for 'potentially catastrophic' US credit default | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Dimon says JPMorgan preparing for 'potentially catastrophic' US credit default

PMorgan Chase CEO Jamie Dimon said that the multinational investment bank has started to prepare for a "potentially catastrophic" situation in which the United States could default on the national debt.

Dimon said in a Tuesday interview with Reuters that while the country’s largest lender has previously planned for such a scenario, and “every single time this comes up, it gets fixed,” he argued that the country “should never even get this close.”

“I just think this whole thing is mistaken and one day we should just have a bipartisan bill and get rid of the debt ceiling,” he added. “It's all politics.”

Dimon told Reuters, “This is like the third time we've had to do this,” adding, “It is a potentially catastrophic event.”

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