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J.P. Morgan’s Losses Mean No More Loopholes?

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  • Description

    FBN’s Peter Barnes on the fallout from J.P. Morgan’s trading losses in Washington.

  • Duration 1:22
  • Date

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-- -- cameras cover this story there must be all of this Peter.

-- the White House to of course Press Secretary Jay Carney telling reporters this morning that the trading losses at JPMorgan quote.

Only reinforce why it was so important to pass Wall Street reform.

And so important to fully implement Wall Street reform.

Jamie Dimon himself acknowledged yesterday that this gives regulators -- ammunition against the bank says they complete that try to complete their work on the Volcker Rule.

-- working damage control yesterday going out of his way to remind people.

That he supported most of the 2010 Dodd-Frank legislation.

We have supported 70%.

Or so of Dodd-Frank.

We supported resolution authority we support higher capital liquidity -- were always had a higher capital equity.

That's partially make up for mistakes and problems and you know obviously to.

Tough economy we support oversight committee.

We supported some of the compensation and compensation rules the -- followed most of them so we we support a lot of it.

Senator Carl Levin Democrat of Michigan co -- the Volcker Rule he thinks now the banks will lose their fight for our broader interpretation.

Of it a senate Republican Bob -- of Tennessee.

But a leading critic of Dodd-Frank was the first to call for hearings on the JPMorgan trading -- -- and Tracy.

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