Inside Financial Services

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:

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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 . . .”

  1. Bank IR Guy

    I wonder if all those regulator “living wills” being filed with a “sell the franchise” liquidation strategy embedded need to be re-thought

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