Your suspicions were correct

Democracy Now has a segment on this event available at
https://www.democracynow.org/2012/5/...ng_against_new
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if you ever thought that Wall Street executives who argue against increased regulation of Wall Street are basically just full of it, then this past weekend you were once against proven correct by J.P. Morgan Chase CEO Jamie Dimon.
Please sign our petition calling on Jamie Dimon to resign from the Federal Reserve Bank of New York.
You probably heard that Jamie Dimon, whose bank just lost $2 billion, admitted he was "dead wrong" when he dismissed public concerns over J.P. Morgan's trading practices. What you might not know is that Dimon is also a director at the Federal Reserve Bank of New York, where he advises the Federal Reserve system about how to regulate financial institutions like J.P. Morgan.
Dimon has used this position to become the leading voice against increased regulation of Wall Street. He claims that the financial crash of 2008 was just a fluke and was not caused by a lack of regulatory oversight.
Now that Dimon's own bank has suffered massive losses due to types of trading similar to those that caused the 2008 crisis, it sure seems like he was just full of it all along.
The Federal Reserve is still working on drafting and implementing some of the most important parts of the financial reform legislation that passed in 2010. Jamie Dimon should not be serving as a director of the Federal Reserve Bank of New York during that process.
Please, click here to sign our petition calling on Jamie Dimon to resign from the Federal Reserve Bank of New York.

Keep fighting,
Chris Bowers
Campaign Director, Daily Kos