President Obama told the hosts of a pre-taped episode of ABC’s The View that the JP Morgan trade fiasco exemplified the reason why he pushed for Wall Street reform, according to ABC News:
“JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of it, is one of the smartest bankers we got and they still lost $2 billion and counting,” the president said. “We don’t know all the details. It’s going to be investigated but this is why we passed Wall street Reform.”
Watch below: