Has anybody bothered to study the cumulative effect of these things?

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”.

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