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Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

The government needs to step in during banking crises, as seen in March 2023 when the Federal Reserve raised interest rates to combat inflation, leading to the collapse of Silicon Valley Bank and First Republic Bank.

Video

Leading in a Time of Change: Jamie Dimon, Chairman and CEO, JP Morgan Chase

@ Stanford Graduate School of Business

Leading in a Time of Change: Jamie Dimon, Chairman and CEO, JP Morgan Chase

03/08/25

Related Takeaways

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

If I were running the FDIC, I would never have allowed banks to have such high interest rate exposure, which contributed to the failures of Silicon Valley Bank and First Republic Bank.

Sequoia Capital Cast

12/19/24

@ Sequoia Capital

The Federal Reserve shifted from cutting interest rates to zero and injecting significant stimulus into the economy, which created challenges for investment behavior.

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

Silicon Valley Bank's failure was exacerbated by its high exposure to uninsured deposits concentrated among venture capital firms, which led to a rapid withdrawal of funds when panic set in.

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

The interest rate exposure of Silicon Valley Bank was a known risk, as they invested heavily in long-term, low-yield mortgages, which lost significant value when interest rates rose.

Zach Perret

05/27/25

@ Acquired

The fintech boom was characterized by rapid growth and innovation, but as interest rates rose in 2022, we faced challenges as investment and lending markets froze, impacting our business.

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

The rapid increase in interest rates from 0% to 5% was a significant danger sign for banks, and many were unprepared for the consequences of this shift.

Marc Andreessen

11/27/24

@ PowerfulJRE

The government can exert pressure on private banks to debank individuals, effectively creating a privatized sanctions regime against American citizens.

Dalton Caldwell

09/11/24

@ Y Combinator

The creation of Bitcoin was a direct response to the 2008 financial crisis, reflecting distrust in government and traditional banking systems.

Jamie Dimon

03/08/25

@ Stanford Graduate School of Business

The government made a significant blunder during the banking crisis, costing taxpayers billions, as they failed to manage the situation effectively and allowed banks to operate with excessive risk.