Word: crisises
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Even Jamie Dimon, CEO of JPMorgan Chase, who has seemed to be more open to new regulations, sought to deflect attention away from lax regulation as the sole cause of the crisis. "I want to be clear that I do not blame the regulators," Dimon testified. "The responsibility for the...
At times, the top executives did contend that regulation might have been too loose leading up to the crisis, but they stressed that that was no longer the case. All thought that the government needed the power to resolve large troubled institutions. Brian Moynihan, CEO of Bank of America, said...
Blankfein even seemed to show some support for a consumer financial-product regulator, saying he thought there should be more attention paid to how financial markets interact with the retail market. But when it comes to more restrictions on the way large Wall Street firms like Goldman do business, Blankfein...
Some of the members of the FCIC seemed to agree that more regulation was not the answer to avoiding another financial crisis. John Thompson, chairman of security company Symantec and a former adviser to President George W. Bush, said to the executives, "Some of this oversight is management's responsibility...
But a new study in the journal Science suggests that such thinking is too good to be true. And the problem is drug resistance. Extensive antiretroviral treatment can result in the development and transmission of drug-resistant strains of HIV - something the Lancet study did not consider. In the new...