Wall Street Hellhound Puts JPMorgan’s Loss in Perspective

If you want to put JPMorgan Chase & Co.’s announced $2 billion trading loss into perspective, pick up Michael Perino’s “The Hellhound of Wall Street.”

This vivid reconstruction of former New York City prosecutor Ferdinand Pecora’s investigation into the crash of 1929 shows how a financial scandal often must reach a tipping point before it triggers tighter legislation.