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He [Dimon] was once a close adviser to President Barack Obama on financial regulation policy, but has become a vocal critic of the administration's efforts, especially since passage in 2010 of the Dodd-Frank Wall Street reforms.

When you dance with the devil, you end up being used and defiled.

1 posted on 03/27/2011 7:44:19 PM PDT by mlocher
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To: mlocher
Elizabeth Warren is who Steven Lerner of SEIU went to visit in December. Lerner was recently caught on tape planning financial terrorism in US.
2 posted on 03/27/2011 7:49:32 PM PDT by opentalk
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To: mlocher

The Dodd-Frank Wall Street “reforms” are noteworthy because of the two banks who were exempted from this “investigation”, i.e., Fannie and Freddie. These just happened to be the two banks most responsible for the mortgage meltdown.

The other thing that’s noteworthy about the “Dodd-Frank Wall Street Reform and Consumer Protection Act” is the two regulators who headed up the commission, i.e., Dodd and Frank. As Chairpersons of the Senate and House banking commmitees, these happen to be the two legislators who were most closely tied to Fannie and Freddie.

Which goes to show that the implicit purpose of “regulatory reform” is to protect vested interests.


3 posted on 03/27/2011 9:00:13 PM PDT by haroldeveryman
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To: mlocher

..........................Dimon, 55, is a consummate New York City insider and one of Wall Street’s richest CEOs...................

No, he is only the smartest, not the richest!

If given the chance, He’ll eat Warren for lunch!


4 posted on 03/27/2011 10:05:55 PM PDT by Noob1999 (Loose lips sink ships!)
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