NEWS FLASH

FDIC Chair Slams Bankers For Griping About New Regulations: ‘I See A Lot Of Amnesia Setting In’ | Earlier this week, JP Morgan Chase CEO Jamie Dimon publicly questioned the need for new regulations — particularly higher capital requirements — to rein in the nation’s biggest banks in response to the 2008 financial crisis. Today, Federal Deposit Insurance Corp. Chair Sheila Bair, one of the foremost proponents of strong financial regulatory reform, was asked about Dimon’s criticism. “I see a lot of amnesia setting in now,” Bair replied. “On obvious things like higher capital standards, I say full speed ahead and the higher the better.”