Boehner on JPMorgan: No Law Against Stupidity

Speaker, Karl Rove also slam PAC plan to attack Jeremiah Wright
By Polly Davis Doig,  Newser Staff
Posted May 20, 2012 12:06 PM CDT
In this Tuesday May 15, 2012, file photo, House Speaker John Boehner speaks.   (AP Photo/Manuel Balce Ceneta, File)

(Newser) – John Boehner today took to ABC's This Week to offer his characteristically blunt assessment of JPMorgan, and promptly asserted that Dodd-Frank wouldn't have averted the bank's $3 billion blunder: "There's no law against stupidity. No law against stupid trades. As long as there's no risk of a taxpayer bailout—they should be held accountable by the market and their shareholders. And they are." Boehner also offered his take on a super PAC's scrapped plan to bash President Obama over Jeremiah Wright, calling it "nonsense (that) shouldn't happen. The election's gonna be about the economy. ... And I think Gov. Romney's prescriptions are much better." Elsewhere on your Sunday dial, as per Politico:

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