Senate Republicans Blame Government For JP Morgan's Loss

The Senate Banking Committee hearing on the JP Morgan loss produced an unusual outcome.  Senate republicans blamed banking regulators, and the Dodd-Frank bill, that has not been implemented, for the loss.  JP Morgan is the victim of failed government regulation according to senators who have received the majority of their campaign contributions from bank lobbyists.  It was money well spent. Republicans are experts at turning every market failure into government failure.