Losing $2 billion

And the losses at JP Morgan, one of todays “best-managed” banks, continue to mount.  Apparently banks can fail even if they are too big.  Question of why the government has been so remiss in not applying the Sherman Antitrust Act to address the issue of it being too big.  It’s been, what, 3 1/2 years now since the sub-prime mortgage crisis?   Surely THAT has been enough time for the federal government to do everything that it needed to do to address every problem inherent in that “too big-ness”.


About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
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