NEW YORK TIMES: ….As JPMorgan Chase reported sluggish earnings and potential new legal costs on Wednesday, its chief executive, Jamie Dimon, lashed out at regulators and analysts, including some who are calling for the breakup of what is the nation’s largest bank.
“Banks are under assault,” Mr. Dimon said in the call with reporters. “In the old days, you dealt with one regulator when you had an issue. Now it’s five or six. You should all ask the question about how American that is, how fair that is.” … (more)
EDITOR: Talk about Chutzpah! The banks play a major role in triggering the Great Recession of 2007 / 2008 and now they object to being carefully regulated.
