Warren Calls for JPMorgan CEO to Resign From NY Fed
Warren on Monday blasted Dimon for his history of fighting government regulation of banks.
“Notwithstanding the fact that we are just coming out of this huge crisis, Jamie Dimon has been the one who has led the charge in order to say, nope, no more regulation, fight back against regulation, called the regulation un-American, and resist, tried to put loopholes into the regulation, hire an army of lobbyists,” she said. “This has really got to stop.”
“What happened here is not just about JPMorgan Chase, it’s about the kind of attitudes, that the bank should be regulating themselves instead of having real oversight… we have to say as a country, no, the banks cannot regulate themselves,” Warren added. “They are financial institutions that run the risk of taking down everyone’s job, run the risk of taking down everyone’s pension, run the risk of taking down the entire economy. And that means it’s appropriate to have some government oversight.”
How can you not love this woman? She not only gives a shit but she’s logical, smart and tenacious. LOVE HER.