JPMorgan CEO says lessons learned from failed WeWork IPO

Jamie Dimon Accuses Elizabeth Warren of Vilifying ‘Successful People’ With Her ‘Harsh Words’

Jamie Dimon Accuses Elizabeth Warren of Vilifying ‘Successful People’ With Her ‘Harsh Words’

"I think there are lessons to be learned about these valuations, how you go public, how you treat the public shareholder - and those lessons should be learned by everyone who wants to go public", Dimon, the CEO of JPMorgan Chase & Co., said in an interview Tuesday on CNBC.

Dimon said in a statement that she is seen to be using some harsh words, and some of the people will surely say that she vilifies successful people.

"It's really simple: Jamie Dimon and his buddies are successful in part because of the opportunities, workforce, and public services that we all paid for", Warren wrote in a tweet .

Dimon and Cooperman actually do think some form of a progressive tax on the wealthy could work, but Warren's aggressive approach isn't the answer. "It's only fair that he and his billionaire friends chip in to make sure everyone else has a chance to succeed".

Warren, who is in second place behind Joe Biden in many polls of the Democratic presidential race, has unveiled a series of sweeping proposals to remake the US economy, including her $21 trillion Medicare for All plan, which would create a government-run health care system that abolishes private insurance. "I don't like vilifying anybody".

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She said the fact that Dimon and others have "reacted so strongly -so angrily! - to being asked to chip in more tells you all you need to know".

One of the biggest points of contention for Warren's campaign has been how she plans to pay for her Medicare-for-All proposal.

"I'm fighting for an economy and a government that works for all of us, not just the wealthy and well-connected", Warren said last month regarding a CNBC report that quoted anonymous donors.

"The road to hell is paved with good intentions when it comes to policy", Dimon said.

"On three rate cuts by US Fed this year, he said, "Fed is a very powerful institution, they have got a lot of tools at their disposal including their voice, their capability, and their ability to act strong and tough".

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