JP Morgan

The big banks represent 56 % of the US economy.

JP Morgan too big to regulate?

Some have called American banks too big to fail and this may be true. Last week, JP Morgan Chase recorded a $2 billion loss which caused the stock market to plummet and over the weekend, Jaime Dimon, Chief Executive Officer of JP Morgan, explained to the media that their practices were a little "sloppy." Many believe that if the US government had tougher regulation on these banks that continuously seek to get bailed out the US wouldn't be in the poor economic state it's in. Charlie McGrath, founder of WideAwakeNews.com, joins us with his take on JP Morgan.