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JPMorgan's trading blunder has provided a new round of ammunition for proponents of strict Wall Street oversight.
After becoming the public face of Wall Street oversight and reining in firms like Goldman Sachs, Robert S. Khuzami is walking away from the spotlight.
Financial regulators sought to reassure lawmakers that they could coordinate with global officials and still maintain industry competitiveness as they rewrote Wall Street oversight rules.
When JPMorgan announced on Thursday that it had a trading loss of $2 billion that was expected to grow, some lawmakers and consumer advocates cast it as a case study on the need for stricter Wall Street oversight.
But with the five candidates staking out largely identical positions on issues like public corruption, consumer fraud and Wall Street oversight, the contest's sharpest exchanges came over issues somewhat far afield from the attorney general's duties, like property taxes and prison sentences for nonviolent drug offenders.
A 39-year-old Air Force veteran, Harris is running on a progressive platform calling for universal Medicare, more Wall Street oversight and abolishing Immigration and Customs Enforcement.
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Jamie Dimon, and following our two Wall Street reform oversight hearings I plan to invite him to testify," Mr. Johnson said in a statement.
On Thursday, a House Energy and Commerce subcommittee will conduct a hearing about a Medicare physician payment system, and the Senate Banking Committee will conduct a hearing about reform on Wall Street and oversight of financial stability and consumer and investor protections.
"That's what Mark is most afraid of - that Wall Street's oversight and scrutiny is going to slow the company down," he said.
Congressional Republicans have vowed to free Wall Street from oversight and accountability and to prevent children fleeing the Syrian inferno from coming ashore on US soil.
WALL STREET JOURNAL Lax Oversight Blamed in Demise of MF Global | A House panel faulted risk oversight by some ratings agencies and MF Global's chief risk officer for the firm's demise.
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