Live Blogging JP Morgan Senate Hearing – a Rogue Institution on the Hot Seat

Live Blogging JP Morgan Senate Hearing – a Rogue Institution on the Hot Seat � naked capitalism


Rogue institution? Well, in one sense that is JP Morgan. It is just that congress will rant and rave and do little to stop the TBTF banks and their desire to sock it to everyone else including future homeowners.

If more regulation by governments that are supposed to be sovereign slows down these supersovereign banksters, it would be a good thing. But is our government powerful enough? That is the question. 

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