In the wake of losses at J.P. Morgan Chase & Co., the
White House is seeking to ensure a tough interpretation of a regulation
designed to prevent banks from making bets with their own money, people
familiar with the matter have told the Wall St Journal.
White House officials have intensified their talks with the
Treasury Department in the days since J.P. Morgan's losses came to light, these
people say—representing the first tangible political impact from a trading mess
that has cost one of the nation's most prominent banks more than $2 billion….
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