Elizabeth Warren calls on JPMorgan CEO to resign NY Fed
Warren, who initially called for Dimon’s resignation from the NY Fed on Saturday, renewed her call Sunday after Dimon’s appearance on ‘Meet the Press,’ a news item on her website announced. Warren asks Dimon resign in order to ‘demonstrate to the American people that Wall Street will take responsibility for its risky gambles.’
Warren also took the opportunity to restate her goal of a well-regulated financial industry. ‘We need to stop the cycle of bankers taking on risky activities, getting bailed out by the taxpayers, then using their army of lobbyists to water down regulations,’ Warren said. ‘We need a tough cop on the beat so that no one steals your purse on Main Street or your pension on Wall Street.’