Eugene David
...The One-Minute Pundit

Tuesday, February 15, 2011


BEN AT WORK:

By early next year, the U.S. banking industry will have too much capital, rather than too little, J.P. Morgan Chase & Co. Chief Executive Jamie Dimon said Tuesday during an investor presentation.

“I’m worried about how much capital is going to build up in the system in the U.S.,” Dimon said. “In 12 months we’re looking at a lot of capital we can’t use. That may make people do stupid things.”


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