Chamber of Commerce CEO Tom Donohue says further regulation is the wrong response to news that banking giant JP Morgan lost billions of dollars speculating with depositor money. And though he allowed that the development raises legitimate questions about the size of major banks, Donohue defended JP Morgan CEO Jamie Dimon from the criticism he’s received since he announced the staggering losses 10 days ago.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=98660