HuffPO-

Oh noes, everyone, terrible news: Wall Street is now officially leaderless in its fight to protect the American economy from the horrors of regulation.

That is according an alarming report on Tuesday from Bloomberg, which says that JPMorgan Chase CEO Jamie Dimon, Wall Street’s de facto champion, is having a hard time making his voice heard these days. Apparently the egg covering his face after his bank lost $6 billion, give or take, on dumb credit-derivative bets has formed a mask-like crust that even Dimon’s superhuman levels of hot air cannot penetrate:

“What you’re seeing in the financial-services industry is a lack of any kind of credible statesmen,” said Rakesh Khurana, a management professor at Harvard Business School in Boston. Dimon’s diminished ability to defend the industry publicly “basically leaves a vacuum,” he said.

This is just so incredibly important for Wall Street right now, because everybody in America hates banks, and politicians occasionally say hurtful things about banks, and there’s a risk that those politicians might end up regulating banks a smidgen more than usual. Remember, regulation is bad because it will send all of America’s bankers and banking customers to China or somewhere else where all people love banks all the time, and then our economy will die forever.

[HUFFINGTON POST]

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