A Man of Strong Opinions

That Bill Black certainly is.  Contrast his views on JPMorgan with those of James Kwak of Baseline Scenario.  In a straightforward way Kwak reminds us that the game is a combination of skill and luck. But Dimon and company thinks it's only a game of skill, luck plays no part in it.  Black has a similar view but he is more bombastic in expressing that view.  He thinks Morgan is an out-and-out gambler.  It claims it is hedging risk.  In Black's view that is just what it is - a claim to appease the public and the regulators.  In Black's words, "JPMorgan poses a clear and present danger to the global economy."  He has a point.