Treasury Sec weighs-in on JPMorgan debacle

[Dot Com]

Of course Repubs will be opposed to this

Geithner Says Regulators to Take Close Look at JPMorgan - Bloomberg

Geithner said the administration’s overhaul of financial regulations isn’t meant “to prevent the unpreventable in terms of mistakes in judgment, but to make sure when those mistakes happen -- and they’re inevitable -- that they’re modest enough in size, and the system as a whole can handle them.” The loss “points out how important it is that these reforms are strong enough and effective enough,” he said.

 

[Dot Com]

This is absolutely essential!!!
Geithner: Bank rules will be heavily influenced by JPMorgan

"The Fed and the SEC and the other regulators — and we'll be part of this process — are going to take a very careful look at this incident of course, and make sure that we review the implications of what that means for the design of these remaining rules," Geithner said at a Washington event hosted by the Peter G. Peterson Foundation.

 

[Truthmatters]

As they should be.

Deregulation cuases messes every time we get talked into it.

History doesnt lie

 

[Dot Com]

if you think like a Repub, history can't be trusted

 

[itfitzme]

if you think like a Repub, history can't be trusted

I am left with a sense that the government gets blamed for restricting growth, when they see profits to be made, then causing excess growth when the markets crash and they lose money. It all seems to be based on what they want to believe, that it is always someone else's fault.

While they herald, in theory, the wonders of the free market, they continue to complain about free market effects that they once again, ascribe to the government.

And they manage to maintain their beliefs by remaining as vague as possible, lacking sufficient examination of the details to prove anything, such that there statements can mean just about anything. That way, backed into a corner, they can cherry pick a data point from anywhere, or simply change the meaning of terms to suit the moment.

 

[Dot Com]

 

[Mad Scientist]

Oh Lord have Mercy! Don't you people know WHO the "regulators' ARE?
From the Article:

Regulators, including the Federal Reserve and the Securities and Exchange Commission, “are going to take a very careful look at this incident,” Geithner said at an event today in Washington held by the Peter G. Peterson Foundation

The Bankers THEMSELVES are the Regulators!

Some of you people are just stupid and gullible beyond belief!

 

[Dot Com]

Oh Lord have Mercy! Don't you people know WHO the "regulators' ARE?
From the Article:

Regulators, including the Federal Reserve and the Securities and Exchange Commission, “are going to take a very careful look at this incident,” Geithner said at an event today in Washington held by the Peter G. Peterson Foundation

The Bankers THEMSELVES are the Regulators!

Some of you people are just stupid and gullible beyond belief!

This is absolutely essential!!!
Geithner: Bank rules will be heavily influenced by JPMorgan

"The Fed and the SEC and the other regulators — and we'll be part of this process — are going to take a very careful look at this incident of course, and make sure that we review the implications of what that means for the design of these remaining rules," Geithner said at a Washington event hosted by the Peter G. Peterson Foundation.

the rules aren't finalized yet & the Repubs have some more filibustering to do yet

 

[CrusaderFrank]

1. Chase is a private company and the government should mind its own fucking business and don't subsidize them when they make a mistake. We saw the government lose over $200B (and probably a multiple of that) with Fannie and Freddie. The government sucks giant Alaskan moosecock at investing and underwriting risk.

2. Chase made $19B last year and over $5B in the first quarter of 2012, so a $2B loss is not at all threatening (Fannie and Freddie lost 100 times that easily)

3. Once again, no government guarantees. If Chase fucks up, wahhh. It's their money (Obama's too I hear)

 

[CrusaderFrank]

How can you argue with such fundamental economic illiteracy?

 

[Dot Com]

Thanks for weighing-in 57 my friend