Bank of America Corp (BAC)

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Lizzy on the WAR path!! Even with trillions those Dems are never happy!!! Go get'em Lizzy!!!!
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TRUTH TELLER
IN THE WARREN V. DIMON FEUD, IT’S WARREN, NOT EVEN CLOSE
BY CHARLES GASPARINO 06.16.155:15 AM ET
Okay, uber-liberal Elizabeth Warren is no Adam Smith but when it comes to one issue and maybe one issue only she comes closer to the famed free-market economist than do most of the bankers on Wall Street, Jamie Dimon included.
That issue involves the appropriate size and scope of the nation’s megabanks—JP Morgan, which Dimon runs is the largest, but the other behemoths, Citigroup, Bank of America, and Wells Fargo, aren’t far behind in dimensions and most importantly risk.


Warren, the senator from Massachusetts and all-around big bank hater, says the banks should be broken up by the government out of fear that the system could implode as it did in 2008.

Dimon says the good senator should stick to making sure the Community Redevelopment Act is enforced and other pet lefty projects because she doesn’t “fully (understand) the global banking system.”

Pundits went nuts, accusing Dimon of “mansplaining” to Warren, which is silly because anyone who knows Jamie Dimon also knows that he mansplains to men all day long. What isn’t silly is that for once we have a leader in Washington, namely Warren, telling us what most of the political class and the bankers won’t: The banks are not free-market at all. They are big government-protected entities that will be bailed out the next time a 2008 scenario comes around.