JP Morgan’s recent $2 billion loss due to risky trading has brought the issue of Wall Street reform back into the limelight. President Obama dedicated this week’s address to the topic, asking Congress to finish what it started and finish implementing the reform plans already started.
“We found out that a big mistake at one of our biggest banks resulted in a two billion dollar loss. While that bank can handle a loss of that size, other banks may not have been able to. And without Wall Street reform, we could have found ourselves with the taxpayers once again on the hook for Wall Street’s mistakes.”
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.