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Tuesday, March 19, 2013

Wall Street Deregulation Garners Bipartisan Support Despite Devastating JPMorgan Report

Wall Street Deregulation Garners Bipartisan Support Despite Devastating JPMorgan Report: "WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after Sen. Carl Levin (D-Mich.) released a devastating report on the multibillion-dollar derivatives debacle at JPMorgan Chase.

"The road to hell is paved with these bills," said Rep. Alan Grayson (D-Fla.), an advocate of financial reform."