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by crdoconnor 4017 days ago
NEVER read a think tank's opinion before checking out who funds them first:

https://en.wikipedia.org/wiki/Brookings_Institution#Funders

In this case, the fact that JP Morgan is a major funder should make you more than a little suspicious that they're proposing tearing down 'regulations'.

When they try to convince you it's a good idea they talk about hairdressers. When they start writing bills to give to Congress it becomes about reducing capital requirements and deregulating derivatives.

1 comments

Companies like JP Morgan love regulation. They have the regulators in their pocket and it helps keep out competition.
So explain why they are fighting tooth and nail to deregulate derivatives, if they love it so much.