Bank Regulators Under Scrutiny in JPMorgan Loss


The New York Times, parent paper of The Boston Globe, has the article Bank Regulators Under Scrutiny in JPMorgan Loss. I found the article at Truth-Out.org.

Some politicians — including Senator Bernard Sanders, independent of Vermont, and Elizabeth Warren, a Democrat running for Senate in Massachusetts — argue that Mr. Dimon’s position at the New York Fed further compromises regulatory oversight. “Mr. Dimon should not be in a position to have such influence on a major regulator,” Ms. Warren said. When asked on PBS’s “NewsHour” last week about JPMorgan, Treasury Secretary Timothy F. Geithner said that regulators needed to “be above any political influence.” He did not say Mr. Dimon should resign from the Fed, but he acknowledged that the perception of a conflict was “a problem.”

I wonder if the junior Senator from Massachusetts has a position on this issue?  Maybe he is too busy doing genealogy on Elizabeth Warren.  That is certainly easier than understanding banking at the level that Warren does.

You and I know why The New York Times has not published Scott Brown’s opinion on JPMorgan.  Come to think of it, The Boston Globe hasn’t said much about his opinion either.  The Globe seem to have its own fish to fry, and it does not relate to the major concerns of its readers.

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