Tuesday, May 22, 2012

To large to fail or be micro-managed

May 22 (Bloomberg) -- Senator Richard Shelby of Alabama speaks with Bloomberg’s Megan Hughes about the $2 billion in losses disclosed by JPMorgan and whether or not the Volcker rule could have prevented them.

The latest Rightardia has seen on the JP Morgan loss is that it is closer to $5 billion. 

This seems to met the definition of a trust. Why doesn't the government break up these large banks with anti-trust actions?

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