JPMorgan Chase, the nation's largest bank, is under fire after losing at least $2 billion in derivatives trading it was warned carried high risk. The loss has renewed calls for tougher regulation of Wall Street, with critics saying JPMorgan could have avoided it under regulations the bank opposed. William Black, author of "The Best Way to Rob a Bank is to Own One," joins Democracy Now to discuss the implications of this latest Wall St. crisis.
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