Bank Regulations Get Fresh Support - NYTimes.com
No sh**
2 billion dollars lost here by JP Morgan.
Wonder how often getting ripped off takes before someone secures their wallet.
'Leading members of Congress on Friday demanded that federal regulators strengthen proposed banking rules and scrutinize trading closely in the wake of JPMorgan Chase’s disclosures of trading losses.
“The fact that this can happen at a bank with a solid reputation like JPMorgan is evidence that our banking regulators must remain vigilant,” said Senator Tim Johnson, the South Dakota Republican who is chairman of the Senate Banking Committee, “and why opponents of Wall Street reform must not be allowed to gut important protections for the financial system and taxpayers.” The bank has been a leader of industry lobbying against new strictures on trading practices.'
These guys are such straw men. Now the GOP is just simply blushing here. Everyone sees another protected, privileged 1%-er with egg on their face, but with hand still-dripping with honey on the way out of the cookie jar - apparently the disgraced 'trader' will still get her bonus. Oopsie. "Nothing to see here." Cads. Our Founding Fathers would've tossed these f***ing scoundrels into Boston Harbor with that foul aristocratic tea.
No sh**
2 billion dollars lost here by JP Morgan.
Wonder how often getting ripped off takes before someone secures their wallet.
'Leading members of Congress on Friday demanded that federal regulators strengthen proposed banking rules and scrutinize trading closely in the wake of JPMorgan Chase’s disclosures of trading losses.
“The fact that this can happen at a bank with a solid reputation like JPMorgan is evidence that our banking regulators must remain vigilant,” said Senator Tim Johnson, the South Dakota Republican who is chairman of the Senate Banking Committee, “and why opponents of Wall Street reform must not be allowed to gut important protections for the financial system and taxpayers.” The bank has been a leader of industry lobbying against new strictures on trading practices.'
These guys are such straw men. Now the GOP is just simply blushing here. Everyone sees another protected, privileged 1%-er with egg on their face, but with hand still-dripping with honey on the way out of the cookie jar - apparently the disgraced 'trader' will still get her bonus. Oopsie. "Nothing to see here." Cads. Our Founding Fathers would've tossed these f***ing scoundrels into Boston Harbor with that foul aristocratic tea.
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