January 15, 2012

JP Morgan Chase's Jaime Dimon says he has a plan to end the housing doldrums. Shorter Dimon: Let the feds do all the regulating, to get those damned state AGs out of the way, then let the feds stop regulating me, but, don't make me responsible!

You expected something different?

Apparently, Joe Nocera did. Via a financial adviser, he looked solely at Dimon's "regulations are too complex" complaint, which probably has some validity, ran with that like he was flogging a straw man and ignored the rest. He does admit that the Dimons of the world will likely game overly complex regulations, but that's about as skeptical as he gets.

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