Friday, May 03, 2013

It's complex

But what do you expect when dealing with 21st century banks?  JPMorgan is being investigated by various government aithorities for a number of transactions.  The government investigators have accused JP of “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath.  Plus, the Madoff situation is also a subject fo interest to the government.  And, of course, there is the by now familiar question of JP's handling of home foreclosures.

Is Jamie's star dimming?

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