Recently JP Morgan CEO Jamie Dimon had to testify before the Senate Banking Committee on why and how his too-big-to-fail bank lost $2 billion on a single trade. Here is a photo of him just before the proceedings began:
One can imagine what he must have been thinking as he considered the Obama / Frank / Dodd sham financial reform of 2010 and how this non-reform-billed-as-reform completely failed to prevent the trading loss in question…
Very good, I do believe to some extent Obama is counting on us to fail.