Tuesday, 15 May 2012

Steagal-Speak Obama If Best Managed US Bank can lose $2 Billion then .....'

http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act http://e.businessinsider.com/view/4f45ee0c90658cce4a9318744fb1a8b86763d9a73900045c/b268c409

'President Barack Obama is chiming in on JP Morgan's shocking $2 billion trading loss.

Here are some released quotes from Obama's pre-taped appearance on ABC's The View.

“JPMorgan is one of the best-managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting,” the president said. “We don’t know all the details. It’s going to be investigated, but this is why we passed Wall Street reform.”
...
“This is the best, or one of the best-managed banks. You could have a bank that isn’t as strong, isn’t as profitable making those same bets and we might have had to step in,” Obama said.  “That’s exactly why Wall Street reform’s so important.” ...'


News Brought to you By:

investorseurope

745a Europort

Gibraltar GX11 1AA

T +350 200 40303

F +350 200 51795

Forex Brokers: http://boulle.co/forex_ie    http://boulle.co/DEMOFOREX  

Stock Brokers: http://boulle.co/client_ie     http://boulle.co/demoplatform  

FuturesBroker: http://boulle.co/futures_ie  http://boulle.co/futures_Demo  

Investors Europe, a stock, futures & forex broker regulated by the FSC. Read our disclaimers on spot forex, on the diffusion of third party products, news, services and U.S. Persons

★★★Social Infrastructure Planning and Digital Marketing Services by SEOextraordinaire★★★

This is a message from the MailScanner E-Mail Virus Protection Service
----------------------------------------------------------------------
The original e-mail attachment "140px-US-GreatSeal-Obverse.svg.png"
is on the list of unacceptable attachments for this site and has been
replaced by this warning message.

Due to limitations placed on us by the Regulation of Investigatory Powers
Act 2000, we were unable to keep a copy of the original attachment.

At Tue May 15 03:19:47 2012 the virus scanner said:
Attempt to hide real filename extension (140px-US-GreatSeal-Obverse.svg.png)

Posted via email from Investors Europe

No comments: