Monday, May 14, 2012

Obama jpmorgan chase

  • President Barack Obama discussed JPMorgan Chases $2 billion loss on Monday, saying the banks massive failure proves why Wall Street reform is necessary.
  • (Huffington Post)
  • Just hours after a top JPMorgan Chase executive retired in the wake of a stunning $2 billion trading loss, President Obama told the hosts of ABCs The View that the banks risky bets exemplified the need for Wall Street Reform.
  • (YAHOO!)
  • President Barack Obama called JPMorgan Chase Co. (JPM) (JPM) one of the nation's best-run banks and said its $2 billion trading loss demonstrates the need for closer regulation of the financial services industry.
  • (Businessweek)
  • President Barack Obama says JPMorgan Chases $2 billion loss in high-risk trading demonstrates the need for the Wall Street rules that Congress passed two years ago. Many of the rules are still being written and have not taken effect.
  • (AP - msnbc.com)
  • Mr. Obama is set Monday to attend a fundraiser hosted by Tony ongoing before the July deadline to decide precisely what will be prohibited.
  • (CBS News)
  • both of which occurred under Obamas presidency.
  • (CNN)
  • Now that JPMorgan Chase has reported losing more than $2 billion on risky trades, should President Obamas administration take a tougher line on regulating big banks? Yes.
  • (Orlando Sentinel)
  • JPMorgan Chases disclosure that it lost more than $2 billion on bad trading bets renewed calls for tighter oversight of the nations biggest financial institutions, a position that Obama has supported and Romney has opposed.
  • (NorthJersey.com)
  • Tickets for the second fundraiser cost $35,800 per person, with 60 people attending. Mr. Obama also told the audience on "The View" that the $2 billion in trading losses incurred by JPMorgan Chase exemplified the need for Wall Street reform.
  • (Washington Times)

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