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JPMorgan Chase CEO Jamie Dimon had a one-on-one lunch at the White House last week with Vice President Kamala Harris, according to a report from the Financial Times.
The meeting took place even after Democrats reacted with horror to Dimon’s comments praising former President Donald Trump during the World Economic Forum’s annual meeting in Davos, Switzerland, in January.
Dimon warned Democrats that they needed to be “more respectful” of Trump’s MAGA supporters.
Jamie Dimon angered Democrats earlier this year for saying positive things about Trump
As California attorney general, Harris confronted Dimon during a contentious phone call.
“I think this negative talk about MAGA is going to hurt Biden’s election campaign,” he said on CNBC. interview.
Dimon describes himself as “barely a Democrat,” although he frequently donates to Democratic candidates.
He even praised Trump’s policies in the same interview.
“Take a step back, be honest. She was somewhat right about NATO and somewhat right about immigration. It grew the economy quite well. The trade tax reform worked. “I was right about something about China,” Dimon said bluntly.
Despite his pro-Trump comments, Dimon met separately with White House Chief of Staff Jeff Zients while visiting the White House.
No meeting between Dimon and President Joe Biden was reported.
Jamie Dimon, JPMorgan’s chairman and CEO, visited the White House last week and had lunch with Harris.
US President Donald Trump, with Jamie Dimon, CEO of JPMorgan Chase & Co., left.
Dimon and Harris have a controversial history, as she was one of the attorneys general who opposed a federal mortgage settlement with big banks after the 2008 financial crisis.
In her memoir, Harris wrote about a contentious call she had with Dimon when she was California Attorney General during negotiations over a legal settlement with the country’s five largest mortgage banks.
“We were like dogs in a fight,” she wrote of the conversation that began with her and Dimon yelling at each other. She wrote that she took off her earrings before picking up the phone to talk to Dimon, which was a sign of the “Oakland in me.”
“As the temperatures cooled, I went into the details of my demands so that he understood exactly what I needed, not through the filter of his general counsel, but directly from me,” he concluded.
Harris eventually settled the big banks case with the other attorneys general, securing a $25 billion settlement for California.
After Trump was elected president in 2016, Dimon said he would work with the president.
“I would try to help any president of the United States because I’m a patriot,” he said during a call with shareholders in 2017.
But he grew tired of Trump’s antics as president, and at one point almost challenged him in a presidential race.
Dimon said in 2018 that “I think I could beat Trump” in a head-to-head presidential election, boasting that he was “as tough as him” and “smarter than him.”