June 11 (Bloomberg) -- Here’s a question to consider as
Congress prepares to grill JPMorgan Chase & Co. Chief Executive
Officer Jamie Dimon on Wednesday: Will the bank’s $3 billion
(and growing) trading loss change anything on Wall Street?
A sad truth remains: Despite all the public hand-wringing
about the need to finally nail down the details of the
regulations that will govern risk-taking at big banks, Wall
Street’s well-paid army of lawyers and lobbyists continues to
make a mockery of the whole re-regulation process.