Chris Dodd On JPMorgan Chase Trading Loss: 'This Was A Big Deal'

MOSCOW, May 31 (Reuters) - Former U.S. Senator Christopher Dodd said the shocking disclosure by JPMorgan Chase & Co of a $2 billion trading loss is proof of the need for legislation he co-authored to limit excessive risk-taking by banks.
"This was a big deal, it might have sounded like a minor glitch but there were some major commitments made here," said Dodd, speaking to Reuters on the sidelines of a Moscow conference, when asked about the JPMorgan trade....