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JP Morgan Shows Obama Bank Reform as Flawed

mary1174 Wrote: May 15, 2012 2:45 PM
I seriously doubt that the ladies that watch the View would even understand Dodd/Frank, or the Obama "reform package".

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...

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