In response to:

JP Morgan Shows Obama Bank Reform as Flawed

Wendy60 Wrote: May 15, 2012 6:57 PM
Abigail, you need to leave the conservative movement, because you are not really one of us. Hurling spittle at banks and demanding more regulation is something liberals do, not conservatives. Do you understand how ridiculous you sound when you denounce the entire banking system as criminal? You obviously have no understanding of banks, and you are too dumb to realize that regulation and free market capitalism (all lower case) are contradictory. It is also destructive. Why should the rest of us be put at risk just because you are jealous of bankers that they make more money than you and have successful careers and you want to level them to feel better about yourself? Just leave the movement.

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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