Detailed text transcripts for TV channel - MSNBC - 20120515:14:06:00
Portfolio hedging. that is not allowed under the statute. unfortunately, the regulators have put forward draft regulations after two years of intense lobbying by wall street that creates and expands loopholes, so we do need to make sure that the rules that are put out in july do not have these loopholes. that's essential. otherwise the firewall between hedge fund investing and banking will be irrelevant. >> let me play a clip for you of the president, because he was asked about this on "the view." here it is. >> jpmorgan is one of the best managed banks there is. jamie dimon, the head of it, i...
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