LONDON (Reuters) - The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.
Dimon said he was supportive of forcing banks to have more capital but argued that moves to impose an additional charge on the largest global banks went too far, particularly for U.S. lenders.
He was quoted as describing new international bank capital rules as "anti-American".
"I'm very close to thinking the U.S. shouldn't be in Basel anymore. I would not have agreed to rules that are blatantly anti-American," he said in the interview.
"Our regulators should go there and say: 'If it's not in the interests of the U.S., we're not doing it'."
The Basel III capital rules are designed to increase the safety of the financial system by making banks build up risk-absorbent "core tier one" capital to at least 7 percent of risk-weighted assets. The biggest, including JPMorgan, have to reach 9.5 percent.
Dimon also criticised liquidity rules, arguing that regulations that viewed covered bonds as highly liquid but discounted government-backed, mortgage-backed securities in the United States were unfair.
He added that other details hit investment banking activity core to U.S. banks hardest because of the threat that Asian banks, in particular, could take U.S. market share due to the combination of U.S. domestic and global rules.
"I think any American president, secretary of Treasury, regulator or other leader would want strong, healthy global financial firms and not think that somehow we should give up that position in the world and that would be good for your country."
5 comments:
Dimon should be outfit with an orange jumpsuit first throw to shark infested waters.
This has nothing to do with US lenders. Its all about power and the federal reserve elected jamie dimon to speak on their behalf.
How funny is this. Gee, I wonder why.
"Dimon also criticised liquidity rules, arguing that regulations that viewed covered bonds as highly liquid but discounted government-backed, mortgage-backed securities in the United States were unfair."
....part1/2......... Tora Tora Tora Japanese YenGate 5, Update by Tom Heneghan, International Intelligence Expert, Monday September 12, 2011, UNITED STATES of America - It can now be reported that the Japanese government has been supplied 'smoking gun' evidence by U. S. Treasury agents, proving that the conspiratorial privately owned Federal Reserve, along with Bank of America, conspired to use cross-collateralized EURO currency derivatives (pooled assets) to stop the Japanese government from devaluing their own yen from an exchange rate of 129.27, to a more competitive realistic rate of 124 (reciprocal 80.6). P.S. The Japanese government has also received evidence showing that Morgan Stanley has been using Japanese yen derivatives, to try to create an asset bubble in the worldwide commodity and precious metals market. P.P.S. All this chicanery has been enabled by the conspiratorial Federal Reserve's stooge network Bloomberg News, who has blackmailed and shaken down the Federal Reserve for thousands of dollars, but has ignored the current criminal activity of the Federal Reserve including Japanese YenGate! P.P.P.S. At this hour we can divulge that J. P. Morgan and its criminal CEO Jamie Dimon, are actually long EURO currency futures while the other criminal brokerage firm aka bank Goldman Sachs, is actually short EURO currency futures. The positions on the opposite side of the EURO currency market currently held by both criminal brokerage firms, are collateralized with bogus margin aka Japanese yen derivatives. This is a REAL Ponzi Scheme, folks. In closing, watching tonight's presidential debate between Republican candidates, the question raised by Zionist stooge Wolf Blitzer of CNN concerning the Federal Reserve, did not allow Republican candidate Ron Paul of Texas, to participate in the discussion.
Message to Republican candidate Rick Perry of Texas: You are a closet homosexual and, like George W. BushFRAUD, another fraud!
Message to Mitt Romney, former Republican governor of Massachusetts: You are a stooge of Bain Capital and Bank of America. You are unacceptable!
Message to Bush Crime Family stooge and ANTI-Catholic bigot, Republican Congresswoman, Michele (bitch) Bachmann, of Minnesota: You are NOT a Constitutionalist. You support the UN-Constitutional, the treasonous Patriot Act and your loyalty is to the foreign state of Israel, not the United States of America!
Message to Rick Santorum, Republ. of Pennsylvania: You are a disgrace to theUnitedStates and your Roman Catholic faith. Read the book of Matthew, punk!
.................part2...............
Message to Ron Paul, Republ. of Texas: We support you 100% in returning us to our Constitution, ridding us of the UN-Constitutional Patriot Act, just one thing Congressman Paul: Nation wrecker, election stealer, Constitution shredder, cocai-
ne snorter, U.S. Treasury embezzler, homosexual in-the-closet, AWOL, war crimi-
nal punk George W. BushFRAUD was NEVER elected president in the year 2000.
Final message to the corporate-controlled, extortion-friendly, fascist U.S. media:
You have enabled the wrecking of the United States of America and the American People are going to hold you accountable!
Tom Heneghan's EXPLOSIVE Intelligence Briefings
http://www.myspace.com/tom_heneghan_intel/blog 8:39 PM
http://www.myspace.com/tom_heneghan_intel/blog/544283088
....................and..............
HOT BREAKING: Tora Tora Tora Japanese YenGate 5 Update (view more)
BREAKING NEWS: Japanese YenGate 4 Revaluation (view more)
BREAKING NEWS: Japanese Yen-Gate Update 3 and Federal Reserve Goes Rogue (view more)
HOT BREAKING NEWS: Japanese Yen-Gate Update 2 (view more)
HOT: Japanese Yen-Gate is Federal Reserve-Gate (view more)
[View All Blog Entries] .. FROM http://www.myspace.com/tom_heneghan_intel
Japanese YenGate is now Humewood AssociatesGate 6. by Tom Heneghan, International Intelligence Expert, Tuesday September 13, 2011, UNITED STATES of America - It can now be reported that the Bank of England, along with British Barclays Bank, is out to destroy the European Union, by using cross-collateralized Japanese yen derivatives, to buy gold futures in an attempt to raise the borrowing costs of European banks and enable the trades of criminal U.S. banking giants Goldman Sachs and Morgan Stanley, who have made bets on the default of Greece and the demise of the EURO currency.
Note: Morgan Stanley is an affiliate of J. P. Morgan, who actually have an opposite side of the EURO currency trade aka Goldman Sachs. So the question occurs: Is the Bank of England trying to bail out both sides of the box?
We can also divulge that the Bush Crime Family Syndicate stooge bank, the Commerce Bank of Texas, is also involved in this chicanery.
We can also report that this criminal financial activity includes the misuse of the Wanta-Reagan-Mitterrand Protocol funds, by Bank of America.
P.S. These bogus, ILLEGAL trades are under market and they are being disguised through a secret British Intelligence proprietary money laundry controlled directly by her Majesty Queen Elizabeth II, the proprietary named Humewood Associates.
P.P.S. At this hour we can divulge that U.S. Treasury Secretary Timothy Geithner, on behalf of Bank of America, continues to blackmail and threaten the Japanese government, on the imminent devaluation of the Japanese yen.
Bank of America, the most corrupt bank in the world, holds enormous debt in Asian derivatives, and needs an overvalued Japanese yen to stay liquid.
Message to Geithner: You are corrupt, you are out-of-control, and you need to cease and desist immediately! The American People are no longer going to live in a country controlled by serial criminal bank scamsters.
Illuminati Cash "Slush Fund" Estimated At 65 Trillion Dollars; Illegal Federal Reserve At Heart Of Problem As Minnesota Judge Allegedly Poisoned In 1969 After Ruling Against Corrupt Banksters , by Greg Szymanski, Mar 23, 2006. // Read the Whole Leo Wanta Series, by Szymanski (oldest on top):...//
http://www.illuminati-news.com/080506a.htm
*** http://www.illuminati-news.com/site-map.htm and http://wespenre.com/
http://www.illuminati-news.com/index.htm ***
Tom Heneghan's EXPLOSIVE Intelligence Briefings
http://www.myspace.com/tom_heneghan_intel/blog 9:01 PM // OR
http://www.myspace.com/tom_heneghan_intel/blog/544292945
Post a Comment