The $2 billion (or 3 or 5) debacle at JP Morgan Chase was an unwelcome reminder that banks are still taking outrageous risks that they didn’t used to.  As Elizabeth Warren likes to say, banking is  supposed to be boring.  Time to ditch the exotic derivatives and get back to some good, old-fashioned boring banking that doesn’t take the rest of the economy along with it when it does something reckless.

Tags: bank regulations, banks, casino, derivatives, gambling, risky investments

This entry was posted on Monday, May 21st, 2012 at 11:15 am and is filed under Cartoons, Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.