JPMorgan CEO Jamie Dimon visited the California branch of Chase Bank that was destroyed in the recent Palisades fire.
The city of Palisades was destroyed after Democrat officials forgot to fill the fire hydrants with water.
Dimon, one of the nation’s leading financial experts, visited the branch this past week and he did not hold back on what he thought about the Democrat Party.
Jamie Dimon told FOX 11 reporters, “I’d change the name from red tape to blue tape because it’s the Democrats who seem to want more regulations.”
Dimon made the remarks when meeting with employees who once worked at the burned-down branch.
Jamie Dimon: The reason we’re here is to come look at the Palisades, look at our brands, thank our people here, understand the issue a little bit better, thank our people for what they did. We did a town hall this morning. It’s devastation. We want to be a part of rebuilding it. You learn what’s going on. I think it needs a lot more work and a lot more help.
FOX 11 Reporter: What lessons do you think the state could learn from business?
Jamie Dimon: I’d change the name of Red Tape to Blue Tape because it’s the Democrats who seem to want more and more regulations.
We need good regulations. We need good food. We need good financial system. It’s just not more, more and more. And you see it in everything, permitting and licensing. And there are lessons to be learned. And whether you’re a Democrat or Republican, you should be saying, I want an efficient government. Even the Palisades, if you want to get this built, I would have a Palisades rebuilding building with everyone in the room. Literally. I got right here. I have sanitation, fire, police, roads, insurance, local, state, federal government in the room with charts. What are the problems? Because it’s a huge management problem. Government doesn’t put top people who can run projects into management. It’s too often politicians who are academics who’ve never run anything.
JPMorgan CEO Jamie Dimon visits California branch destroyed in the Palisades fire.
“I’d change the name from red tape to blue tape because it’s the Democrats who seem to want more regulations.”
So true.pic.twitter.com/mWALRYkh98
— KanekoaTheGreat (@KanekoaTheGreat) May 9, 2025
