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JP Morgan Shows Obama Bank Reform as Flawed

Ratas y Ratones Wrote: May 15, 2012 2:35 PM
This is just perfect : shubi_ Wrote: 3 hours ago (11:10 AM) If laws and regulations were the answer to everything, our society would be near perfect.

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