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Thursday, 23 October 2014

Senate's JPM roast also singes failed watchdog

Fools errant

Whacking the bank led by Jamie Dimon over last year’s $6.2 bln trading loss was a given - and deserved.  Many of the subcommittee’s claims that JPMorgan misled the OCC smack of political grandstanding. But the portrayal of the regulator as a bumbling fool looks spot on.



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