Jamie Dimon, chairman and CEO of J.P. Morgan Chase & Co., used a report on the company's fourth-quarter financials to note that no one seems to be leading a coordinated effort to fix the U.S. housing market.
“I would convene all the people involved in the business. I would close the door. I would stay there until we resolved a bunch of these issues so we could have a more healthy mortgage market,” The Wall Street Journal reported that Dimon said during a conference call with reporters and investment analysts.
"If it were up to me, someone in authority should convene all the mortgage businesses ... because this could be fixed.... There's no one really in charge of all this," Dimon said during the call last week. If there were, "You'd have a much more rapid recovery in housing," the CEO added in the call, which is available on the company's website.
