Dimon Says JPMorgan's Rivals Are Doing 'Dumb Things'

• Jamie Dimon sees parallels to the pre-2008 financial crisis, citing 'dumb things' being done by rivals.
• He mentions a 'rising tide lifting all boats' and aggressive lending, similar to the pre-crisis era.
• Despite Dimon's concerns, a Bloomberg reporter highlights that there isn't 'a huge amount of stress' in the system currently.

JPMorgan CEO Jamie Dimon warns of parallels to the pre-2008 financial crisis, citing 'dumb things' being done by rivals in the financial industry. He suggests a 'rising tide lifting all boats' environment is leading to aggressive lending practices, reminiscent of the era before the disastrous crisis. While acknowledging a boom in lending, a Bloomberg reporter notes that there isn't currently a 'huge amount of stress' in the system.