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JPMorgan (JPM) gets Barney Frank in its corner, the Dodd-Frank co-author saying the government...

JPMorgan (JPM) gets Barney Frank in its corner, the Dodd-Frank co-author saying the government shouldn't go after the Bank of Dimon for infractions committed by Bear Stearns. "To prosecute JPMorgan because of activities undertaken by Bear Stearns before the takeover unfortunately fits the description of allowing no good deed to go unpunished." (Earlier: the suit, Dimon's comments)
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Comments (5)
  • Joe Dirnfeld
    , contributor
    Comments (1128) | Send Message
     
    Attorney generals are as corrupt , they are the new banksters.
    22 Oct 2012, 05:14 PM Reply Like
  • jbassbia
    , contributor
    Comments (365) | Send Message
     
    A politician that makes sense - who would have guessed it. especially after Bill Moyers program on how the elites keep their taxes low thanks to campaign contributions.
    22 Oct 2012, 05:14 PM Reply Like
  • Remyngton
    , contributor
    Comments (354) | Send Message
     
    Barney Frank ... every horrible piece of legislation passed over the past 30 years which enabled banks , other financial institutions , FNM and FRE to get into trouble , was somehow empowered by this shister's lawmaking "skills"
    22 Oct 2012, 06:44 PM Reply Like
  • RSI Raistlin
    , contributor
    Comments (400) | Send Message
     
    I can't stand Barney Frank's blubbering supposedly "frank" (give me a break) style. However, I have to agree with him on this one.....its ridiculous to blame a husband for the discretions of his wife prior to marriage. If JPM did something wrong prosecute, but don't blame JPM for Bear Stearns actions, just broke states going after deep pockets hoping that the banks will settle.
    22 Oct 2012, 11:16 PM Reply Like
  • fryb
    , contributor
    Comments (2) | Send Message
     
    Funny, why isn't the same thing true for Bank of America on the Countrywide suits (or Wells Fargo for the Golden West/Wachovia suits)? Suppose that Jaimie bought Barney (and they are just making sure he stays bought)? The Government wanted BAC to buy both Countrywide and Merrill Lynch, just as much as the need to sell Wachovia to ANYONE (even Citi at one point was considered and they were the worst of the banks propped up with TARP)!
    23 Oct 2012, 02:17 AM Reply Like
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