14.05.2021

The head of JP Morgan advised Trump to declare a state of emergency in the infrastructure of the United States

According to Jamie diamond, head of the largest U.S. Bank by assets, U.S. President “it is necessary to declare a state of emergency” and hold a series of public programs in the United States, as during the Second world war.

The Chairman of the Board of Directors and chief Executive officer of JP Morgan Chase said in an interview with CNN.

“We need to gather all the leaders in one room and say we have a problem. If I was US President I would have declared a state of emergency in the country. We have a state of emergency in the infrastructure and schools in many cities in the country. I’d run the program as during the second world war and declared a state of emergency on infrastructure and education. If I remember correctly, these problems already cost us $100 billion per year.

Not to say that we are trying to solve these problems, but at this stage we just need to make progress in solving these problems. We need proper implementation of correct programs. Or we don’t help these children in troubled schools, and we do not build bridges and other objects, and we do not address the problem of inequality in the United States.”

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