, Columnist
Jamie Dimon's Other Comment About China Was No Joke
The JPMorgan chief noted that an attack on Taiwan could become Beijing’s equivalent of America in Vietnam.
But seriously…
Photographer: Mark Wilson/Getty Images North AmericaThis article is for subscribers only.
JPMorgan Chase & Co.’s chief executive officer this week quipped that his bank would be around longer than China’s Communist Party, and soon regretted the error. But another comment he made at the same event is far more incisive and deserves to be taken seriously.
Speaking at the Boston College Chief Executives Club on Tuesday, Jamie Dimon noted that he doesn’t know anyone who “thinks that something’s gonna go wrong in Taiwan.” Wrong in this context means an attack by Beijing against the democratically run island that it claims as its own. A Chinese intervention, he warned, “could be their Vietnam.”