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Jamie Dimon Wants U.S. Out Of Basel On Theory That What's Good For JP Morgan Is Good For America

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Jamie Dimon's preposterous assertion that the United States should pull out of the Basel rules for international financial oversight on the grounds that higher capital requirements are "anti-American" is a welcome reminder to beware corporate executives brandishing patriotism.

It's important to remember that when Dimon makes business decisions, considerations about the interests of the United States of America or the welfare of the American people play approximately zero role in his thinking.

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