Tuesday, May 15, 2012

POLITICS - Debate on Financial Regulation After JPMorgan Losses

"JPMorgan Losses: Sens. Levin, Corker Debate Implementing Financial Regulation" PBS Newshour 5/14/2012

Excerpt

SUMMARY: Amid a $2 billion trading loss disclosed last week by banking giant JPMorgan Chase and the announcement of a top executive's retirement Monday, Sens. Carl Levin, D-Mich., and Bob Corker, R-Tenn., speak with Judy Woodruff about calls for more Wall Street reform and the future of implementing Dodd-Frank regulations.

JUDY WOODRUFF (Newshour): We take a second look at the JPMorgan Chase trading mistake and the potential political impact of the company's $2 billion blunder.




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