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FBN’s Peter Barnes breaks down the SEC chief’s reaction to the bad trade at J.P. Morgan.
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I got -- -- bonds in Washington.
I'm we've got SEC chairman Mary Shapiro making comments on JPMorgan to Fox Business we know what exactly did she say.
-- while Stewart she wouldn't comment specifically on JPMorgan Chase but she did say to the effect that.
Some aren't you watching the situation at least she said -- you can be assured.
That the regulators are watching this and then we got her.
Coming out of a conference here.
For money market fund managers that day at a hotel here in Washington DC she was the keynote speaker.
This morning mainly talking about that.
But we did stick around outside here at the hotel to see if we can get this comment from her and that's all she would say we -- Veronica she said over and over again though I will not comment specifically on JPMorgan Chase cad gonna give you ten -- speed up -- interpreting that as meaning.
They're gonna impose these regulations it gives the fast track to getting these regulations in place among right.
Well they're still working on a lot of these regulations in particular the Federal Reserve is working on the Volcker Rule which would deal with some of this kind of trading that.
-- created these headaches for JPMorgan Chase and it's gonna give.
Supporters of those girls definitely more ammunition they've already made that clear and statements yesterday data bonds thank you very much indeed good stuff fit -- with.
