Judging by all the talk of sleaze at JPMorgan, you might think the nation’s biggest bank is more corrupt than Bear Stearns or Lehman Bros., firms that ignited the 2008 financial crisis.
It isn’t, but that’s not stopping the Obama administration’s bank regulators, or their allies masquerading as investor advocates, from making the bank and CEO Jamie Dimon look like the financial world’s latest problem children.
In reality, the bank watchdogs couldn’t care less about real reform; if they did, they’d just break up the big banks like Morgan into more manageable pieces. No, their real goal is to neuter Dimon, the strongest voice in the business community speaking out against the excesses of the administration’s banking and economic policies.
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