Barney Frank defends JPMorgan against government lawsuit

The congressman says banks shouldn’t be held responsible for the misdeeds of companies they acquired at the government’s urging

Barney Frank—Democratic congressman, co-author of the Dodd-Frank Wall Street Reform and Consumer Protection Act and champion of financial reform—thinks the government is being too hard on the banks.

On Monday, Frank defended JPMorgan Chase & Co. in a statement, saying that the government shouldn’t try to punish the country’s largest bank for the alleged misdeeds of a bank it acquired during the financial crisis.

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