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Does Congress Want Another Economic Meltdown?

June 11 (Bloomberg) -- Here’s a question to consider as Congress prepares to grill JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon on Wednesday: Will the bank’s $3 billion (and growing) trading loss change anything on Wall Street?

A sad truth remains: Despite all the public hand-wringing about the need to finally nail down the details of the regulations that will govern risk-taking at big banks, Wall Street’s well-paid army of lawyers and lobbyists continues to make a mockery of the whole re-regulation process.