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Tuesday, August 22, 2017
Volcker rule

Banks Demand Pity Party Over Volcker Rule Losses

Whatever successes might have been attained within the hundreds of pages of regulations implementing the Volcker Rule, our nation’s bureaucrats must have known they couldn’t do anything that would force banks to unearth any long-buried losses in their financial reports. Because then many bankers would feel victimized. They would demand that regulators rush to soothe […]

December 23, 2013

Top U.S. Banking Regulator Sides With J.P. Morgan CEO

On the same day that J.P. Morgan paid more than $150 million to settle federal charges that it had lied to investors in 2007 about a mind-bogglingly complex mortgage product, a top U.S. bank regulator said he was “skeptical” of recent attempts to regulate the financial system. “We have to be able to figure out […]

June 22, 2011