During the financial crisis, JP Morgan Chase got almost $400 billion in taxpayer loans to protect it from failure. It survived the financial crisis with its reputation in tact as the best managed bank on Wall Street. CEO Jamie Dimon has been a voice against increased regulation. Now the loss of $2 billion on risky trading has tarnished the bank and raised questions about Dimon himself. Can JP Morgan Chase and other banks be trusted to use better judgment or is it time for stepped-up regulation? Democrats and Republicans disagree. We talk with financial expert and Democratic US Senate candidate Elizabeth Warren and Vin Weber with the Romney for President campaign.
Big Banks and Presidential Politics
Elizabeth Warren - Democratic candidate for US Senate - @elizabethforMA, Vin Weber - Mercury/Clark & Weinstock, Dawn Kopecki - Bloomberg News, Matt Taibbi - Contributing Editor, Rolling Stone - @mtaibbi, Richard Bove - Rochdale Securities - @DickBoveSays