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