On the recordMay 10, 2012
The danger would be none of this is $2 billion, but if they lost so much that they couldn't pay their debts, that's why I say we begin with the requirement they keep more capital.
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transcripts.cnn.comBarney Frank: “The danger would be none of this is $2 billion, but if they lost so much that they couldn't pay their debts, that's why…”
Editor's note · Context
Barney Frank discusses the potential risks of JPMorgan's financial losses and the need for stricter capital requirements.
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