Jamie Dimon: JP Morgan traders didn't understand risks...

[Kasz216]

badgenome said:

Kasz216 said:

And will be even more too big to fail once Dodd-Frank is finished because they've made their money off said practices, and nobody else will reach them.

First thing that should of been done when TARP was being considered was insisting that banks who agreed to tarp funds be broken up AT&T style.

Exactly. Why can't people see that by not doing this, all they've done is guarantee that it will absolutely, 100% happen again?

Politicans or regular people?

Regular people it's because they're too busy trying to back up what their politicians say.

Politicians, it's because the Democrats have done a good job deflecting the fact that most of the big "Bank corruption" probes in congress have involved democrats by exploiting republicans distaste for aproving added layers of legislation nobody really knows what it means because it hasn't even all be written out yet.

That was the funniest part of Dodd-Frank.  It was passed before all the laws within it were even written and before anybody knew how it would work.