One of Wall Street's most powerful women, Ina Drew, resigned as chief investment officer at JP Morgan Chase today, taking responsibility for the firm's $2 billion loss. Yesterday, CEO Jamie Dimon told Meet the Press, "We think Dodd Frank, which we supported parts of, gave the FDIC the authority to take down a big bank. And when it happens,…the board should be fired, the equity should be wiped out, the bank should be dismantled and the name should be buried in disgrace….This is a very unfortunate and inopportune time to have had this." Reporter Ezra Klein writes the Wonkblog at the Washington Post.
Visit msnbc.com for breaking news, world news, and news about the economy