JP Morgan Chase Bank

JP Morgan Chase Loss Of $2 Billion Demonstrates Need For MORE Regulation, More Dodd-Frank Legislation!

One of the biggest banks, JP Morgan Chase, which happens to be, unfortunately, my bank by default, has engaged in a manipulation of their depositors and stockholders, which has caused a loss of $2 billion.

This just proves further the need for MORE regulation, not less, as Mitt Romney advocates, and his party endorses!

The Republicans want to destroy the Dodd-Frank legislation of 2010, designed to promote regulation, as a result of the abusive financial practices of the big banks and insurance companies on Wall Street, which led to the Great Recession, the worst economic downturn since the Great Depression of the 1930s!

How can the American people not get the point that our big banks, “too big to fail”, are undermining any hope of economic revival, with their reckless and arrogant practices, all endorsed by the GOP, and the spoiled, arrogant, nasty, mean spirited, bullyish Mitt Romney, who does not give a damn about the harm to average middle class Americans, let alone the poor among us?

This is a major issue of the campaign of 2012, the abuse by the top one percent of the other 99 percent, who have had enough abuse, and are sick of being kicked around by Wall Street “bullies” backed by “Mr. Bully” himself, Mitt Romney!