This week: House Speaker John Boehner. Well, it’s about time. Tired of comenting on those small time Congresspeople. Now we’ve got some big fish taking Citibank PAC money! John Boy has taken $1,500 so far this year. Weak sauce! But hold on! In 2010 he swiped a cool 10 Gs from our favorite bank PAC.
Oh, and did you know that Speaker Boehner is totally for bank reform, but that he wants to get it right and not simply go for half measures. Also, He is sure that JP Morgan just had an oopsie and we should move on:
“‘I don’t believe there’s anything in Dodd-Frank (financial reform law) that would’ve prevented this activity at JPMorgan,’ said Boehner, the top Republican U.S. officeholder. He made the comments Friday in an interview for ABC’s “This Week.”"
Last week JPMorgan disclosed that it has suffered at least $2 billion in losses due to trades that went bad. The losses from derivatives trading could widen and have placed pressure on the bank to explain what happened as lawmakers and regulators tussle over rules for Dodd-Frank enacted two years ago.”
‘There’s no law against stupidity. No law against stupid trades,’ said Boehner.”
I hear ya John. I mean, whooo, if I was charged with a crime every time I lost a few billion of somebody else’s money, well, I don’t even want to think about it.
And Dodd-Frank? C’mon! What the hell good could that POSSIBLY do?
Go and lend your support to Speaker Boehner to help him end this partisan gridlock on financial reform which is totally not his fault.