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Former FDIC Chairwoman Sheila Bair says more must be done to regulate banking risk. The...

Jun. 18, 2012 6:40 PM ETJPMorgan Chase & Co. (JPM) StockJPMBy: David Yelle, SA News Editor6 Comments
Former FDIC Chairwoman Sheila Bair says more must be done to regulate banking risk. The Financial Stability Oversight watchdog has made little progress on initiating the reforms in the Dodd-Frank Consumer Protection Act, and there seems to be a disturbing sense of complacency in Washington to act, despite growing problems. The recent debacle at JPMorgan (NYSE:JPM) is a terrific case-in-point. (video)

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