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Jamie Dimon speaks at Harvard
Is Jamie Dimon--who benefited greatly from the crisis; he's now seen as the government's go-to guy--trying to ward of more regulation? It's been suggested that a new Sarbanes-Oxley-like set of rules is coming, which is cause for consternation among some. Speaking at Harvard Business School, Dimon railed against the idea, saying government too often proposes solutions that appeal only to "the madness of the crowd" while letting complex issues such as energy policy go unresolved, the AP reports. "We've seen this consistently--an oversimplifying and casting aside of issues and facts." It's fair to say that for now, all the focus is on the bailout package. But you can bet that the issue of regulation will come up next year. It will be quite a fight.
For more:
- here's the article
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