Thursday, May 17, 2012

Op-Ed: JPMorgan Lesson: End Government Bank Guarantees

It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law.

That belief is wrong.

Read the rest of the op-ed here.

2 comments:

  1. But but but Paul Krugman says this proves we need more regulation! And he's a genius, as he will gladly let you know at every opportunity.

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  2. Has anyone read Krugman's new book yet? I opened it and read a short but scathing commentary about Friedman, but wasn't willing to pay the $25.

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