JPMorgan Fined For Losing Money

The core conceptual problem with financial regulation is this:

This is endlessly unsatisfying. People Lost Their Life Savings In The Financial Crisis And No One Went To Jail but someone losing her life savings is just not a reason for someone else to go to jail, the two things have nothing to do with each other, the whole thing is a non sequitur. But it's an emotionally compelling non sequitur. Since there was a fair amount of actually illegal misbehavior during the financial crisis, and since much of it is at least loosely related to the life-savings bit, rough justice is often available, but it doesn't really satisfy anyone.*