J.P. Morgan Chase & Co.'s president and CEO Jamie Dimon was interviewed by Charlie Rose at the Securities Industries and Financial Markets Association's annual meeting on Tuesday, where the Wall Street veteran shared his thoughts on the economy, compensation, markets and bailouts.
"The chance of financial Armageddon is over," Dimon said. "Confidence is coming back. This is what a recovery feels like. Corporate credit is flowing, and corporations are flush with cash."
Can you feel it? Can you feel down in your plums? That tingly feeling? That's the recovery working its magic. You want some cash? You want some cash? Here's some cash [throws it in your face]. Come back for more whenever, I've got plenty. This wallet doesn't lie.
Jamie Dimon On The Financial Crisis [The Deal]