15) SPITZER: The reason it's not relevant, it won't have traction politically, is it doesn't fit into the narrative most people think about Mitt Romney. We can agree or disagree with him, but nobody thinks he's mean-spirited or a bully…. I don't think he is a nasty guy. I like him. I don't mind saying that. I think he is a good, decent person with whom I disagree. He's not a bully, therefore, this story is out of context. It doesn't matter
Weighing in on the JP Morgan Loss
16) MATALIN: This also reraised how ineffective Frank-Dodd (sic) is. As Barney said, the Volcker rule, which is still being formulated, they want to enforce something that hasn't been formulated and they don't even know when it would come into effect, as is the case with all of Frank-Dodd. What's absent from Frank-Dodd is the -- what financial institutions need and they want. And they can't function without it. It is clarity, uniformity, cohesion, coherence, enforceability that's predictable. And none of that has happened.
17) REED: The idea you'll be able to eliminate the risk of a global 21st century economy by running regulations at the Fed is laughable. This is a reminder yet again that we now live in a global economy. Let's remember why this happened… JPMorgan was trying to hedge their risk against further losses in Europe. They made a bad bet but it was only 0.1 percent of their assets. It was only 1 percent of shareholder value. They'll be fine. And the other thing --