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Dimon on Raising Taxes: ‘Just Throwing Money, It Doesn’t Work’

Jamie Dimon
Jamie DimonPhotographer: Marlene Awaad/Bloomberg

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon urged lawmakers to spell out -- very specifically -- targets for building roads, funding college degrees and creating jobs if they embark on a massive spending spree to bolster the economy.

“Just throwing money, it doesn’t work,” Dimon said in an interview posted Thursday for the Investment Company Institute’s general membership meeting. “We already waste tremendous sums of money.”