In response to:

Thar She Blows

ahealey67 Wrote: May 12, 2012 10:23 AM
What needs to be done, to prevent bailouts, etc, is to have lawmakers that will adhere to the Constitution

Today's stories revolve around an easy enough theme of getting so big for your britches you lose touch with the rest of the world.

A few weeks ago a lot of stories popped up about the London Whale trading with JP Morgan whose positions were north of $100.0 billion and sending alarms all over the nation. As a single trader that is a lot of money and a lot of hedging and risk. That kind of money means the firm had to have positions that essentially were betting against its own customer. That was the narrative out of Washington as there...