Not to defend JPM, but my personal experience at my bank is that the current crop of regulators are a pack of shameless, malicious, arrogant lying dogs (even worse than IRS agents…) working entirely against public purpose by any possible measure, and all being documented by our board of directors…

JPMorgan Caught in Swirl of Regulatory Woes

By Jessica Silver-Greenburg and Ben Protess

May 2 (NYT) — Government investigators found that JPMorgan devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers.”