You're watching...
Representative Shelley Moore Capito, (R-W. Va.), weighs in on J.P. Morgan CEO Jamie Dimon's second session before Congress.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
I'm glad that I got a committee member with us now to give her give her reaction to a congresswoman Shelley Moore -- -- has served on the house financial services committee for ten years and part of today's hearings that you just ducked out thank you so much for being with us congressman.
What do you think so far it seems a little bit of -- -- here session then what does diamond faced a week ago.
Well it certainly started out that way with that mr.
Dimon the regulators session which is about the -- life.
Was pretty much -- information gathering time to ask questions.
Hi -- you know I heard the previous conversation that you all had.
There are members of congress that are really ready to grab that camera time and I think we -- little -- of that today in the beginning the hot.
Do you expect any firm -- new policy changes that come out of this or is this more about that camera time.
Well in my view I think if we're gonna have five regulators overseen.
Large institutions like JPMorgan Chase up my questions -- Communication transparency -- was nobody picking this up -- the regulatory environment.
And the other issue is let's reinforce that the capital requirements that would.
We'll put in place in that this bank adhered to we're able to withstand.
This kind of a loss and they put it in perspective that -- -- -- -- You can send your opening statement that the committee FB vigilant to ensure regulators in private firms are implying significant risk management model.
Models if Jamie -- and the -- did JPM some of the best -- in the world did a bad job of that.
How -- congressman supposed to do any better.
Well good question and then if if they were picking up at the highest reaches of JPMorgan if a lot of market analysts -- seeing this.
The regular interest -- seeing it I think that begs the really -- very good question.
And you know and BO CC kept talking about more granular are more detailed information well.
You know we should be able -- already have that at at our fingertips in this kind of transparent environment that -- supposedly living and I think that's the big question.
Right okay thank you so much for being Wisconsin Shelley Moore capital you know back -- that hearing we appreciate all right I'll keep it come.
