We'd get the quarterly reports from our competitors and see that they'd added $100 billion to their balance sheets ... And they were hardly adding any capital, so it looked like their investments were almost risk-free. 
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Pakistani wounded men are seen in a local hospital after an explosion in Peshawar, Pakistan, Friday, Dec. 5, 2008. A car bomb devastated a busy street in the northwestern Pakistani city of Peshawar on Friday, killing at least 18 people and injuring dozens more.
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Poland's former President Lech Walesa gestures as he meets with Tibetan spiritual leader Dalai Lama during a news conference at Baltic Philharmonic in Gdansk for Nobel Peace Prize laureates December 5, 2008.
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Pakistani men gather after a bomb blast in Peshawar on December 5, 2008. At least 16 people were killed and dozens more were wounded when a bomb ripped through a crowded marketplace in the northwestern Pakistani city of Peshawar late on December 5, 2008 police said.
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A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.
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Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.
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People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.
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We'd get the quarterly reports from our competitors and see that they'd added $100 billion to their balance sheets ... And they were hardly adding any capital, so it looked like their investments were almost risk-free.
said Jamie Dimon
in CNN/Money
More quotes about Jamie Dimon
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