Wednesday, March 30, 2011

Terror & Hubris in the House of JP Morgan Chase

NY Times Blog
In not-so-subtle remarks to theUnited States Chamber of Commerce’s Capital Markets Summit on Wednesday, Mr. Dimon denounced new derivatives rules under consideration at the Commodity Futures Trading Commission“The C.F.T.C. way would damage America,” he told the audience of fellow bankers and businessmen. Mr. Dimon assailed the agency for drafting rules that conflict with similar proposals emerging from the Securities and Exchange Commission.
“It’s their job to make sure its one set of rules,” he said. 

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