JPMorgan makes Wall Street regulation a campaign issue again
May 14th, 2012
06:21 PM ET
10 years ago

JPMorgan makes Wall Street regulation a campaign issue again

(CNN) - Even as his campaign portrays him as a champion of the middle class and a crusader to keep Wall Street from melting down as it did three years ago, President Barack Obama was set to leave New York Monday with a sizable haul of cash from industries whose excesses he decries from the stump.

After other stops in Manhattan, the president was to attend a private dinner hosted by Tony James of the Blackstone Group, an alternative asset management and financial services company. Tickets for the event cost $35,800.


Filed under: 2012
soundoff (4 Responses)
  1. The REAL Truth...

    Ah.. where's BEND Forward when you need a good droll troll laugh at the end of the day... Got to admire Wall St... playing both sides to ensure that the victor will leave well alone in Jan 2013.. Of course, they know which side is going to win, which is why they were lining up outside the fund raiser. The GOBP fundraisers down the hall were yanking folks of the mezzanine floors, pulling them in to listen to flip-flopper deluxe..

    May 14, 2012 06:28 pm at 6:28 pm |
  2. ThinkAgain

    Maybe we'll finally learn that banks and investment firms are lousy at regulating themselves – especially when we socialize their losses while they privatize their profits.

    It's not an ideological, capitalism vs. communism thing; it's the simple acceptance of human nature and that greed has and will always motivate people to do terrible things, regardless of the consequence to others.

    Time to grow up, folks, and put into place rules that will make it so this will NEVER HAPPEN AGAIN.

    May 14, 2012 06:41 pm at 6:41 pm |
  3. Wire Palladin, S. F.

    Republicans should not be so envious of the president if he gets money from Wall Street too. Pubes are jealous of seniors who have a safety net, veterans who get benefits, college students who pay an interest rate of 3.4% on their loans, people who have pensions, people who make more than the minimum wage, and people who are happy.

    May 14, 2012 07:35 pm at 7:35 pm |
  4. Larry L

    This same corporate mentality is what Republicans want to use to provide health care. If corporate CEOs had to choose between quality care and profits... which way would they go? The "free market" can't regulate health care.

    May 14, 2012 08:16 pm at 8:16 pm |