Who Was Stupid, Sleazy or Crooked at JPMorgan?

There will be no judicial oversight of the Justice Department's out-of-courtsettlement with JPMorgan Chase & Co. This is why legislative oversight is so badly needed.

Several senators wrote to U.S. Attorney General Eric Holder before the terms of the not-really-$13 billion deal were disclosed this week. John McCain, the Republican from Arizona, in a Sept. 30 letter wrote that Holder's meeting with JPMorgan Chief Executive Officer Jamie Dimon "at the request of the CEO, while negotiations on a global settlement agreement are pending, is highly unusual and, under the circumstances that the meeting occurred, gives rise to concern."