The Hill News

Standing ovation to Sen. Bernie Sanders (I) of Vermont for the truism of the year when he says that the problem is not how the government regulates the banks, but how the banks regulate the government. It was ironic that while JPMorgan announced a $2 billion loss that could become a $5 billion loss, the Republicans escalated their attacks against any serious regulation of banks, while President Obama, on his way to a Wall Street fundraiser, praised both JPMorgan and the modest regulations that fall far short.

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