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Volcker Rule Front and Center After JPM Loss

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  • Description

    FBN’s Rich Edson breaks down Capitol Hill’s reaction to the loss by the big bank.

  • Duration 1:40
  • Date

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This transcript is automatically generated

Let's go to Washington now lawmakers no doubt gonna be using JPMorgan's two billion dollars sudden loss.

What we think that they will fast track financial regulation really put it in place -- -- -- in DC what are they sank one -- the politicians saying this this Friday morning.

You know terrified -- saying about the same thing they were a month ago in the first Volcker Rule proposal came out there only inserting JPMorgan in those statements they've been pushing for stronger rules.

They want stronger rules but there are plenty of analysts here in DC who think.

Look there are gonna move forward with what they were gonna move -- with JPMorgan.

In this instance is not going to have that much of a consequence Stewart wanna -- -- Video for you real quick Peter Barnes exclusively are Peter Barnes exclusively catching up with the SEC chairman Mary -- just a short while ago.

Watch.

The market I think it's safe to say that on the regulators are very focused comments.

But I really can't comment on it.

So they haven't Stewart regulators right now are Iraq are watching this thing but they are.

Rolling out what is known as the Volcker Rule of that proposal is due this I look IA -- rich I interprets.

Mary -- statement that as being a carry the regulate -- so Lloyds they see it.

And that gonna pull those regulations in place so opposition to the regulations.

Is going to be a much more distant much more did that's my interpretation and -- Well my interpretation this is much like that they're going to roll this out -- question is how strong -- -- going to roll it out.

Don't necessarily think that this is an instance -- gives them.

The opportunity to make it much stronger than they were going to be but -- plenty of lawmakers in Washington are pushing for that and it's gonna happen --

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