Boehner on JPMorgan: No Law Against Stupidity

Speaker, Karl Rove also slam PAC plan to attack Jeremiah Wright
By Polly Davis Doig,  Newser Staff
Posted May 20, 2012 12:06 PM CDT
Boehner on JPMorgan: No Law Against Stupidity
In this Tuesday May 15, 2012, file photo, House Speaker John Boehner speaks.   (AP Photo/Manuel Balce Ceneta, File)

John Boehner today took to ABC's This Week to offer his characteristically blunt assessment of JPMorgan, and promptly asserted that Dodd-Frank wouldn't have averted the bank's $3 billion blunder: "There's no law against stupidity. No law against stupid trades. As long as there's no risk of a taxpayer bailout—they should be held accountable by the market and their shareholders. And they are." Boehner also offered his take on a super PAC's scrapped plan to bash President Obama over Jeremiah Wright, calling it "nonsense (that) shouldn't happen. The election's gonna be about the economy. ... And I think Gov. Romney's prescriptions are much better." Elsewhere on your Sunday dial, as per Politico:

(Read more Sunday morning talk shows stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.