Jamie Dimon: This is the 'biggest disgrace' in America

Why JPMorgan bet $ 100 million on Detroit

Jamie Dimon is mad. He’s mad — like so many Americans — about the state of public education in many American cities. Especially in Detroit.

“This is probably one of the biggest disasters, Not just Detroit. A lot of inner city schools in America,” Dimon told CNNMoney in an exclusive interview in Detroit. “Americans should understand that 50%, or something like, of the kids in inner-city schools, often poor and often minority, don’t graduate. And the ones that do, don’t necessarily have the skills to get a job. That is the biggest disgrace in this country,” Dimon lamented. “We should be ringing an alarm bell on every hilltop and every mountain top and saying this shouldn’t be allowed.”

Company news – CNNMoney.com

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