Detailed text transcripts for TV channel - MSNBC - 20120613:20:35:00
All i am saying is that it is overkill at this point. we literally have thousands of new regulations and millions of new rules where this is a case where less is more. let's focus on a few core principles or core regulations and try to deal with most of the issues that way instead of trying to solve every problem that comes up. that's really sort of a fool as error and that's what we are trying to do now. >> okay. jpmorgan had this problem. jamie dimon was there. this is an -- bank with $80 billion of capital. it lost $2 billion. it is going to make $4 billion this quarter. i mean, aren't we d...