He cautioned against actions that would severely weaken the seven firms under Feinberg's authority, where another 525 employees still face new curbs on pay. "I'd be very careful that they don't hamstring those companies as they try to grow ... All of us need Citibank, Bank of America and all those other companies to be healthy, vibrant and growing." Addressing proposed reforms to the financial system, Dimon said he supported giving the government so-called "resolution authority," or the power to take over and wind down large financial institutions whose collapse could endanger the economy.
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