Sorry, we’ve been quiet, but two bil is finally enough to interrupt Jason’s and my days. Sigh.
Poor Jamie – we’ve not lampooned him much around here, and now they’re calling for his head. Not that I think he’ll resign, or that I can ever see the words “What I did wasn’t good for America” coming out of his mouth, or anything. And only (“only”) 40% of shareholders voted to split the chairman/CEO roles. But it doesn’t change the fact that the Justice Department is now looking into JPM’s two-beelion-dollar trading oopsie, that the words “too big to regulate” and “too big to fail” aren’t gone from our vocabulary yet, etc.
But at least the President has JPM’s back, according to some talk show. So, carry on.