Jamie Dimon’s Makeover: From Whiner to Would-Be Statesman

Remember the Jamie Dimon who couldn’t complain enough about how Wall Street was “under assault” by regulators? Well, these days, he’s saying stuff like this:

I completely understand that society has a perfectly legitimate right to put in structures and regulations and rules that make it fairer, better, cleaner.

You read that right. Perfectly legitimate.

The new, reasonable CEO of JP Morgan Chase talked to Bloomberg Markets magazine on March 1 about the financial system, safety, and the future of his bank.

Before you get too choked up about his noble intentions — he stressed that customers always come first — do remember that we’re talking about a company that just admitted wrongdoing in a case where the Securities and Exchange Commission said it had failed to tell clients that it was favoring expensive, firm-managed mutual funds over cheaper alternatives.

You can read my column for TheStreet here.