Tag Archives: regulation

JP Morgan Chase’s Mysterious $13B Payment

Community bankers could be expected to rejoice at the news of JP Morgan Chase’s agreement to pay $13B in “settlements” to various federal and state agencies. None of this is good news. This strange transaction is another tightening of the toxic embrace between the TBTF banks and the regulatory agencies who sponsor, nurture, regulate and […]

It Takes A Village To Raise A Banker

The kitchen table consensus is that greed caused the ongoing financial crisis. The universality of greed undermines the value, if not the accuracy of this diagnosis. Greed is such a broad term that it almost defies definition. Like all vice, greed is more easily detected in another person than in oneself. Greed observed in another […]

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