Monday, May 14, 2012

Break Up the Big Banks Before It's Too Late

Charles Gasparino, NY Post
The $2 billion trading loss at JPMorgan - a failure of the famed risk-management prowess of bank chief Jamie Dimon - is cause for celebration in some quarters.Dimon deftly steered his bank from most of the excesses that brought about the 2008 banking crisis. He’s since emerged as the industry’s chief spokesman — an effective one — against some excessive regulations in the Dodd-Frank financial-reform law.

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