Sheila Bair steps into the Dimon-Bernanke rumble
FORTUNE — JPMorgan (JPM) CEO Jamie Dimon is worried about how new financial regulations could stall America’s economic recovery, but regulators aren’t buying it.
No doubt many parts of the new regulations associated with the Dodd-Frank Wall Street reform bill are complex and will need to be carefully implemented, FDIC chair Sheila Bair said this morning during a talk at the Council of Foreign Relations in New York City with New York Times’ Andrew Ross Sorkin. But the banking industry’s gripes over having to keep higher levels of capital to hopefully avoid another banking crisis are pretty nonsensical.
Full Story: Sheila Bair steps into the Dimon-Bernanke rumble