re: #119 Higgs Boson’s Mate

Consider that in April of this year JPMorgan Chase acknowledged that it lost $2bn on a risky trading strategy. This happened nearly six years after the banks crashed the US economy with risky trading strategies so the banks seemed to have learned nothing from that experience. Now, thanks to the passage of the budget bill, taxpayers will make good losses like this one no matter how risky or downright stupid the strategies that lead to them.

The Winner of the Spending-Bill Vote: Jamie Dimon

According to some accounts, the actual language of the measure was drawn up by a lobbyist for Citigroup. According to others, Jamie Dimon, the chairman of JPMorgan Chase, who is widely lauded as the king of Wall Street, personally called some legislators and asked them to vote for it.

newyorker.com