2 ms·
NEVER read a think tank's opinion before checking out who funds them first: https://en.wikipedia.org/wiki/Brookings_Institution#Funders https://en.wikipedia.or
by crdoconnor 11y ago
NEVER read a think tank's opinion before checking out who funds them first:
https://en.wikipedia.org/wiki/Brookings_Institution#Funders 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.
- randomname2 11y agoCompanies like JP Morgan love regulation. They have the regulators in their pocket and it helps keep out competition.
- crdoconnor 11y agoSo explain why they are fighting tooth and nail to deregulate derivatives, if they love it so much.