JP Morgan Chase ‘s big man Jamie Dimon condemned the persistent bank bashing almost three years after the global credit crisis began, especially the tendency to put all financial institutions in the same basket.

Dimon, reckoned as one of the few U. S. bankers who ably drove his firm through the financial crisis of 2007-08, said to the annual World Economic Forum that not every bang did make the same mistakes in the run up to the crisis.

He stated that not all banks are the same and he just thinks that this constant bickering about restraining 'bankers, is not productive and not even fair. People should not do that stated Dimon to a panel on "The Next Shock: Are We Better Prepared?"

The government of United States spent hundred of billions of dollars of public money to pull out financial institutions, following the dramatic failure of Lehman Brothers in the autumn of 2008, with the help of the controversial Troubled Asset Relief Program (TARP).

There is a huge misunderstanding as all banks did not need that TARP. And nor all banks would have failed, stated Dimon. A lot of banks were alleviating the problem and JP Morgan bought Bear Stearns because the U. S. asked them to.

Dimon sounded quite optimistic regarding the outlook for the banking sector, stating that the world financial system was sounder than back in 2007 despite prevalent worries on the stability of the euro zone and of probable municipal bankruptcies in the Unites States.

He said that he is optimistic as the system looks stronger than what it was three years back.

Dimon, whose banks have heavy investments in Europe, stated that the European Union was also right to try to sort out the euro zone's debt crisis without a dramatic restructuring that would compel banks to bear losses.