May 5, 2011

Jamie Dimon on the important role foreclosure plays in relieving consumers of debt

Giving debt relief to people that really need it, that's what foreclosure is. [Homeowners] are probably better off going somewhere else, because they get relieved almost 100% of the debt through foreclosure.

~Jamie Dimon, CEO, JPMorgan Chase, CNBC Interview, January 11, 2011

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