He publicly spoke out agsainst the Obama Admin's New Banking regulations and Obama did not like it one bit, because JD represents Wall Street on Capitol Hill and was making huge waves to keep Obama from getting what he wanted in terms of regulating the banks. I agree the banks need to be regualted and curtailed, non-monopolized, being too big too fail is bad for the country and its citizens who rely more on Main Street practices, than Wall Street practices.
Giving the FDIC the power the 111th Congress gave them, was too much consolidation of power. I hope the 112th curtails some of it. We know what the FDIC unnecessarily did to WMI, we don't want them doing it again and injuring more shareholder investors and creditors.
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