QOTD: Barney Frank vs Jamie Dimon

This pretty much gets to the heart of the matter re: the Volcker Rule, the banks – at the end of the day – really need to be saved from themselves.

“In other words, JPMorgan Chase, entirely without any help from the government has lost, in this one set of transactions, five times the amount they claim financial regulation is costing them,” Frank said.

Source:

LAT via BI