Jamie Dimon's Faulty Capital Requirement Math: Simon Johnson
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June 9 (Bloomberg) -- When Jamie Dimon confronted FederalReserve Chairman Ben S. Bernanke at a conference earlier thisweek, he spoke for dozens of bank executives who privatelybelieve regulators have gone overboard in seeking to preventanother financial crisis. “Has anyone bothered to study thecumulative effect of all these things?” he asked. “Is thisholding us back at this point?”
Dimon, the chief executive officer of JPMorgan Chase & Co.,was pressing Bernanke to admit that the total cost of newfinancial regulations had not been fully calculated, and couldwell be holding back job growth.