Well, first, I want to say, to a certain extent, he's right. He's a good CEO and it is a well-run bank. That's precisely why we need regulation. In other words, what he's telling us is, even in a very well-run institution, as his is, unlike a kind of a rogue operation like Countrywide, these kind of mistakes will happen.
Frank responds to Jamie Dimon's explanation of the bank's losses, emphasizing the need for regulation even in well-run institutions.
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I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
Protection and advocacy Agencies, which are Federally funded entities charged with enforcing the rights of persons with disabilities.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.
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