Jamila Larry News Today : Breaking News, Live Updates & Top Stories | Vimarsana

the message has been, you guys in washington don't understand our business. so you should keep it to yourself and let the professionals like us, the smartest guys in the room do what we do best. which is why it was a little embarrassing for jamie dimond had somehow managed to lose more than a billion in credit risks. the position was uncovered and exposed and dealt with quickly enough -- what roar uncovered positions are lurking out there or what the next big wall street screw up might look like. this is the spector that haunts us, the notion that we can't simply trust our elites lik...

while diamond was there to apologize. many of the senators were there to apologize to him, to seek his wise counsel. >> i would like to come away from the hearing today with some ideas on what you think we need to do. >> is there a true, real version of the vocal rule that you think makes sense? >> what can you suggest to the regulators? >> what would you do? >> to me this entire hearing was a perfect microchasm of -- who have overseen a cascade of crisis. elite's will be plichbtded to the destruction they have caused. in their attempts to -- only too happy to point out that it's the...