White House press secretary Jay Carney said that in the wake of JPMorgan Chase's $2 billion trading loss, it's "amazing" that some — including presumptive GOP nominee Mitt Romney — are still looking to repeal the president's Wall Street reform law.
Speaking to reporters Monday, Carney said the staggering loss reinforces the need for the Dodd-Frank financial reform law and the president's call for tougher financial regulations.
"The president fought very hard against Republicans and Wall Street lobbyists to get Wall Street reform passed," he said, according to a pool report.
"This merely reinforces why the president was right to take on this fight," he added.
Carney did not mention Romney by name, but the president's reelection campaign jabbed at the GOP front-runner over the weekend, as the nation's largest bank was still reeling from its big trade gone wrong. Read more.....