JPMorgan's Dimon says systemic regulator is needed
JPMorgan Chase CEO Jamie Dimon does not agree with the idea of deeming financial institutions "too big to fail," but he does see a need to establish a systemic regulator to wind down troubled banks that pose a threat to the broader economy. "Everyone should be allowed to fail," Dimon told participants at SIFMA's Annual Meeting. "But you don't want a failure to hurt the country." View Part 2 of Dimon's appearance at SIFMA's Annual Meeting.
Financial-Planning.com | 10/27
This story published in SIFMA SmartBrief on 10/28/2009
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