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JP Morgan Shows Obama Bank Reform as Flawed

JERRY259 Wrote: May 15, 2012 6:36 AM
fire all of obamas unelected czars, fire their staffs, close their offices,void all their onerous regulations that keep business from reinvesting their profits and new start ups because they don't know whats coming next.

Barack Obama went on the business talk show The View to talk about how banks need more stringent regulations on trading activities in light of trading losses at JP Morgan.

Reports Reuters:

"JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting," Obama said on ABC's "The View," according to a transcript released by the network.

"We don't know all the details. It's going to be investigated, but this is why we passed Wall Street reform," Obama...

Related Tags: Obama Reform