The Executive

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Volcker To Dimon: Just Give Up Your Banking License And We’re Cool 

Just a couple weeks before Jamie Dimon announced publicly that his banking firm JPMorgan had lost a stunning $2 billion betting with depositor funds, he took to Fox News to criticize the Volcker Rule, meant to ban federally backstopped banks from engaging in proprietary trading. Bill Moyers invited former Fed chairman Paul Volcker — the architect of the rule — to respond.