SPEAKING OF THE UNINTENDED CONSEQUENCES OF REGULATORY ACTIONS . . .
Next financial crackup, regulators probably shouldn’t bother asking JPMorgan for any help with quickie resolutions. Jamie Dimon:
Would I have done Bear Stearns again knowing what I know today? It’s real close. What I know today is if [regulators] called me again to do something like that again, I couldn’t do it, my board wouldn’t allow me. [Emph. added.]
Good thinking, Eric! In the meantime, the feds have opened a criminal inquiry into the London Whale fiasco. . . .
One Response to “SPEAKING OF THE UNINTENDED CONSEQUENCES OF REGULATORY ACTIONS . . .”
I wonder if all those regulator “living wills” being filed with a “sell the franchise” liquidation strategy embedded need to be re-thought
Comments are closed.