Quote of the Day

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"A trading loss of this nature is something from which JPMorgan should learn, and I think as well regulators should look at it just to understand what happened and why it happened. But…this was not a loss to the taxpayers of America. This was a loss to shareholders and owners of JPMorgan and that’s the way America works Some people experienced a loss in this case because of a bad decision. By the way, there was someone who made a gain. The $2 billion JPMorgan lost someone else gained."

-- Mitt Romney, basically saying what happened at JPMorgan isn't a big deal. One commenter noted that Romney has basically concluded that, "the investment banking industry adds no productivity to the U.S. economy."

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