It appears that JPM management continued to see roses while the JPM traders saw thorns. Bruno Ilsik, the London Whale, may come out of this whole and richer. Sen. McCain may really get into Jamie Dimon (one time friend of PBO).
The other big NYC, too-big-to-fail bank, actually did become "insolvent" because of proprietary trading. The really sad part is that this bank did the exact same thing in the 1990's.
Morals, Ethics, and the two in Leadership are Everything.
