CNN's Erin Burnett talks to Sen. Bob Corker (R-TN) about his calling for a hearing on JP Morgan's massive losses.
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Corker is a top big bank and big business apologist and defender in Congress and is at it again. His call for any kind of hearing or oversight is little more than a chance to eat $20 muffins and coffee.
What comes to mind is "what is the affect to the system of banking?" in other words .. does this affect other banks somehow??? The 2008-09 problem was not caused at least from what i can gather by the indivual affect on the banks... but the affect of the entire system of banks?? so in a financial world which can be said to have a "herd" mentality... what is good for the gander is good for the goose..... when a big guy makes a bet on wall street others follow trying to do the same thing.... ... so I am more interested in the systemic affect. not just what happens to one player.... did the tools that I hope have been developed work?? what are the tools that allow one to determine whether systemic harm has been done or not??? just wondering
Good evening Erin, with the continuing struggles and confidence of the U.S. & World Banking system why don't you have a sit down interview with Mark Carney (Governor of the Bank of Canada) and/or Frank McKenna (Deputy Chair of T-D Bank and former Ambassador for Canada to the U.S.) Canada's Banking system is a model of strength, consistency and stabiliity that the rest of the world should model themselves. Thank you Erin, as always you look absolutely stunning.