Barney Frank cries foul in government’s lawsuit against JPMorgan

U.S. Rep. Frank holds the gavel during the final session of the Democratic National Convention in CharlotteWASHINGTON (Reuters) – Democratic Congressman Barney Frank defended the nation's largest bank on Monday, saying in a statement that the government was wrong to go after JPMorgan Chase & Co for the alleged misdeeds of Bear Stearns. Frank, the co-author of the 2010 Dodd-Frank financial reform law, said federal and state officials should reconsider holding financial firms liable for the wrongdoing of institutions they absorbed at the government's urging. …



Politics News Headlines – Yahoo! News

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.