Courtesy of Lee Adler of the Wall Street Examiner
…one of her old foes may inadvertently have thrown her campaign a lifeline. The revelation that JPMorgan Chase (JPM) lost at least $2 billion in an ill-advised “hedge” gone horribly awry has revived anger at Wall Street and allowed Warren to reassume her old role as the scourge of greedy bankers and defender of the American middle class.
Last week brought news that Brown has received $50,000 in campaign contributions from JPMorgan employees. Now, Warren has taken to the airwaves seeking to capitalize on the new controversy and distract from the old one…
“Wall Street isn’t going to change its ways until Washington gets serious about strong oversight and real accountability. No special deals. We need a tough cop on the beat to make sure that nobody steals your purse on Main Street or your pension on Wall Street.”
via Elizabeth Warren Paints JPMorgan as Purse Thieves – Businessweek.
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