JPMorgan’s Dimon loses clout as reform critic!


GOOD: If it is not broken, don’t fix it.

BAD: If it is broken, fix it.

UGLY:  But if it cannot be fixed, replace it.

BOTTOM LINE: Can not fix it or replace it = regulation solves nothing (just adds cost)!

Read More:

http://www.reuters.com/article/2012/05/11/us-jpmorgan-regulation-idUSBRE84A0WW20120511

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