No Financial Regulation, Repubes? Seriously???

[Benny B]

I'm a banker, and I am clear-eyed enough to see that more strict regulation on the large institutions like JPM is necessary. A more significant capital cushion requirement is the bare minimum of what should be enacted, not to mention a required beefing up of Risk Management departments. Reconstituting the GSA wouldn't hurt, either.


Via NYTimes.com: "The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.
When Jamie Dimon, JPMorgan's chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading days as hedge funds and other investors take advantage of JPMorgan's distress, fueling faster deterioration in the underlying credit market positions held by the bank...".* The Young Turks host Cenk Uygur breaks it down.

[Benny B]

RNC Chairman...complete idiot. 

[dr.chimps]

Can we not stop the politics posting on the G&O, please? And that goes for Coach and 3.14, as well.      

[Benny B]

Can we not stop the politics posting on the G&O, please? And that goes for Coach and 3.14, as well.      

Nope, sorry.

Don't like it, don't read it. Nobody put a gun to your head. 

[King Shizzo]

Nope, sorry.

Don't like it, don't read it. Nobody put a gun to your head. 

The reason you put it on G&O was to get the views (I understand)  I have always been an advocate of consolidating most of the sub-forums on here.  It could only save Ron some bandwith right?

[dr.chimps]

The reason you put it on G&O was to get the views (I understand)  I have always been an advocate of consolidating most of the sub-forums on here.  It could only save Ron some bandwith right?

They used to keep in on the politics board. Then Benny dragged it up to the G&O, thus dragging up Coach and 3.14. Classy.   

[Coach is Back!]

Keep it here, it gives Benny a bigger audience to show how big of an idiot he is..haha. hey Benny, when are you going figure that 95% of what libs do....fails? Haha

[King Shizzo]

They used to keep in on the politics board. Then Benny dragged it up to the G&O, thus dragging up Coach and 3.14. Classy.   

I welcome all topics.  We have a ton of smart people here.  It would be cool if the G&O could be a one stop shop for everything.  We can obviously keep the porn and woman's forums seperate.

[dr.chimps]

Keep it here, it gives Benny a bigger audience to show how big of an idiot he is..haha. hey Benny, when are you going figure that 95% of what libs do....fails? Haha

Coach!? Pretty sure your failure rate would have alerted the Feds, too.    

[2ND COMING]

HOPE DEEPLY!!!!!!!!!!



























                               

[Powerlift66]

This crap belongs in the political board.
Garbage...

[Coach is Back!]

Coach!? Pretty sure your failure rate would have alerted the Feds, too.    

Lol...pretty sure I haven't been far off with everything I've posted about Obama and liberalism in general. Go back and see what I said before he was even elected.

[bike nut]

I'm a banker, and I am clear-eyed enough to see that more strict regulation on the large institutions like JPM is necessary. A more significant capital cushion requirement is the bare minimum of what should be enacted, not to mention a required beefing up of Risk Management departments. Reconstituting the GSA wouldn't hurt, either.


Via NYTimes.com: "The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.
When Jamie Dimon, JPMorgan's chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading days as hedge funds and other investors take advantage of JPMorgan's distress, fueling faster deterioration in the underlying credit market positions held by the bank...".* The Young Turks host Cenk Uygur breaks it down.

Benny B would pay $20 to puff on Cenk Uygur's penis....
 

[dr.chimps]

Lol...pretty sure I haven't been far off with everything I've posted about Obama and liberalism in general. Go back and see what I said before he was even elected.

You've been ok with the Obama stuff, birther nonsense aside, but not even close to 'Liberalism,' which remains a chimera to you, and those who define it as anything that represents an opposite to their own held beliefs.

[reppingfor20]

Great post Benny   Always on the spot, Repubs are like cavemen still, time to evolve.

[MCWAY]

Keep it here, it gives Benny a bigger audience to show how big of an idiot he is..haha. hey Benny, when are you going figure that 95% of what libs do....fails? Haha

But, just when the beatings on Benny begin, the thread gets moved.

And, to this day, we've yet to hear a peep from him about his hero, groveling before the gays for campaign cash. And, he likes to talk about how "butthurt" people are. Oh, the irony.

[Coach is Back!]

I'm a banker[/i[/b]], and I am clear-eyed enough to see that more strict regulation on the large institutions like JPM is necessary. A more significant capital cushion requirement is the bare minimum of what should be enacted, not to mention a required beefing up of Risk Management departments. Reconstituting the GSA wouldn't hurt, either.


Via NYTimes.com: "The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank's initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.
When Jamie Dimon, JPMorgan's chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading days as hedge funds and other investors take advantage of JPMorgan's distress, fueling faster deterioration in the underlying credit market positions held by the bank...".* The Young Turks host Cenk Uygur breaks it down.

Being a teller doesn't exactly make you a banker..lol.

[dr.chimps]

Being a teller doesn't exactly make you a banker..lol.

And both aren't idiot traders.And who the fark is that moron talking head!? Cripes. I wonder about you people.     

[GigantorX]

Oh man.

Bad management, bad oversight, bad employee's and the list goes on...

How is "regulation" going to solve the above?

Again, you're a fucking idiot.