More Dimon to Congress: Biden's Academia bailout "badly done"

The Biden administration’s plan to forgive student loans is “badly done” and won’t solve problems in student lending, JPMorgan Chase CEO Jamie Dimon told a House panel Wednesday.

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“I wish they had targeted the people who actually needed help,” Mr. Dimon said. “They still haven’t fixed the underwriting and they haven’t fixed the cost of college.” …

“We basically put a Band-Aid on, spent a lot of money and didn’t fix the problem,” he said.

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