Jamie Dimon: Immigration deadlock is 'tearing apart' country

Jamie Dimon believes Washington's immigration deadlock is hurting America.In his annual letter to JPMorgan Cha...

Posted: Apr 5, 2018 2:03 PM
Updated: Apr 5, 2018 2:03 PM

Jamie Dimon believes Washington's immigration deadlock is hurting America.

In his annual letter to JPMorgan Chase shareholders, Dimon, Wall Street's longest-tenured CEO, said, "We need to resolve immigration - it is tearing apart our body politic and damaging our economy."

Dimon said immigration reform was "important both morally and economically," and outlined principles that he claimed most Americans shared: border control, a path to citizenship for two million undocumented Dreamers, and improving the country's merit-based immigration system.

Immigrants who get an advanced degree in the United States should receive green cards, Dimon argued. And "law-abiding, hardworking undocumented immigrants" should have a path to legal status or citizenship.

"People immigrating to this country should be taught American history, our language and our principles," he said. "The American public will not be pro-immigration if we don't address these issues."

Dimon, 61, has become a public face of Wall Street. He took over as JPMorgan's head in 2005 and helped steer the bank through the 2008 financial crisis. He plans to lead the bank until 2023.

Minnesota Coronavirus Cases

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Confirmed Cases: 40767

Reported Deaths: 1533
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Martin1725
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Iowa Coronavirus Cases

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Confirmed Cases: 34080

Reported Deaths: 742
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Woodbury331744
Black Hawk245759
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Johnson14058
Linn136683
Dallas136531
Marshall108019
Scott100210
Dubuque91822
Story8515
Pottawattamie80612
Wapello71431
Muscatine68544
Crawford6793
Sioux4970
Tama48229
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Washington2499
Hamilton1981
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Mahaska11917
Carroll1101
Poweshiek1108
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Taylor810
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Iowa611
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Delaware561
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