The Homa Files

That’s the question that JP Morgan CEO posed – in public – to Fed chair Bernanke.

Bernanke’s answer: “No”.

* * * * *

It’s widely reported that:

Dimon rattled off a couple of the more than 300 new regs that Dodd-Frank will impose on banks.

Then, he popped the question, adding

“I have a great fear that somebody will write a book that the things we did in the crisis will slow down the recovery”.

Bernanke quipped that he thought the Fed and Administration were doing pretty good, then bluntly answered the question: “No”.

This entry was posted on June 9, 2011 at 5:54 am and is filed under Financial Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.