[RWebb]

I am amazed that less regulation is thought to be a fix for lax regulation.

Banks used to do just fine at what they do, until the regulations enacted after the Great Depression were removed; then we got the Great Recession.

JD is supposed to the be smartest guy around and supposed to have the very best team. They went way beyond using hedging to control risk - way way beyond that, and into speculation, tho I would not call it gambling. It bit them (and those who depend on them).

Now, if THEY effed up, then what about others???


I do not agree with everything from the LA Times writer, however.