Dimon said to be prepared, and if economy continues its downturn, then the worst hit will be in the commercial banks, the regional banks and the jobs for the average American.
Of course it's not like Dimon is going out on a limb since regional and commercial banks are already being slammed. As we know, Washington Mutual Inc. has been ailing, IndyMac Bancorp Inc. is dismantling its mortgage business, Cleveland's National City Corp. like Washington Mutual sold off a large stake to private equity firms, and SunTrust Banks Inc. may be worth more dead than alive, according to analysts. - Maria Woehr
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While speaking Tuesday at the FDIC mortgage lending conference, J.P. Morgan Chase & Co. CEO Jamie Dimon hinted that the worst of the financial crisis could be yet to come. 
