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"We do believe this to be an isolated event," says Jamie Dimon (
) is his
for tomorrow's Senate hearing. "We will lose some of our shareholders' money ... no client, customer, or taxpayer money was impacted by this accident." He expects "solid profitability" for the bank in Q2. "Our fortress balance sheet remains intact."
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A simpy solution to "Banking Regulations". 1. Get rid of Dodd-Frank
2. Reinstate Glass-Steagall for all financial institutions, Savings Banks, Commercial Banks, Insurance Companies, Investment Banks.
3. Exempt Primary Dealers from Glass-Steagall ( because big banks will successfully lobby against G-S) 4. Require all Primary Dealers to raise Capital Base to 15% of all assets and let the market be what it will be.
Jun 14, 2012. 08:38 AM
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