Looking forward

This is what you get when you don’t prosecute bankers. Robert Reich:

According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation.

I’m not making this up.

At a financial conference today, Dimon told Fed chief Ben Bernanke there’s no longer any reason to crack down on Wall Street. “Most of the bad actors are gone,” he said. “[O]ff-balance-sheet businesses are virtually obliterated, … money market funds are far more transparent” and “most very exotic derivatives are gone.”

Dimon said he worried that financial reform legislation is “holding us back at this point” from a stronger economy.

If only someone had held these monsters accountable.

3 thoughts on “Looking forward

  1. “…holding us back…” I like that. I think young Anakin Skywalker said much the same thing before he went over to the Dark Side.

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