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Democrats have been crying for the last few weeks because the official bank of the Obama administration, JPMorgan Chase, lost $2 billion dollars in a hedging strategy that will likely get a few more folks fired from the firm.
Democrats have used their deepest Vox Populi to decry loose bank regulations that allowed this outrage to happen.
Their argument would be especially good if the bank regulations they are criticizing weren’t the result of large Democrat majorities and signed into law by President Occupy Wall Street himself just as the Democrat majorities unwound.
As Reuters notes “The 2010...
Stupidity Laws Could Have Stopped Obama