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Boehner on regulation: JPMorgan ‘held accountable by the market’
House Speaker John Boehner (R-OH) on Sunday dismissed financial regulations that could have stemmed $3 billion or more in losses on derivatives by JPMorgan Chase & Co. because the company “should be help accountable by the market.” “There’s no law against stupidity, no law against stupid trades,” Boehner told ABC’s…
Romney: JPMorgan’s $3 billion loss is ‘the way America works’
Presumptive Republican presidential candidate Mitt Romney on Wednesday defended a shocking $3 billion loss on derivatives by JPMorgan Chase & Co. by saying it was just “the way America works.” “I would not rush to pass new legislation or new regulation,” Romney said during a Wednesday interview with Hot Air…
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