Dimon, now Summers: There's a liquidity problem (Why don't I trust these jerks?)

[still_one]

6. The one thing I know is that Dimon and the other bankers are trying to roll back Dodd/Frank, and

they blame most of the problems on regulation. Before Reagan, Bush, and Clinton deregulated everything, there was no problem with liquidity, at least for investments that were solid. It was those that had more risk that presented a problem, and frankly, that is the way it should be.

No matter what Dimon says here, he does NOT believe in too big to fail. That is why he along with other bankers have tried to "punish" Elizabeth Warren, and any elected Democrat who supports her

He is worried about hyper-inflation, and he states the treasury market is vulnerable to that. From all the deregulation games they played, including giving mortgages to people who should not have been given mortgages, those actions led to the financial collapse that almost sent us into a liquidity crisis. The government did they only thing they could to prevent and all out depression, and that is increase liquidity, which is inflationary, but since the economy was collapsing that wasn't a problem at the time.

They are now slowly increasing interest rates, but in a very controlled way to minimize disruption to the economy.

A problem they helped create is why I have a major problem with these clowns