You might think that the chairman and CEO of a major bank that had just pleaded guilty to a federal felony charge and has paid out more than $20 billion in legal settlements in recent years would show a little humility.
All received waivers from the automatic disqualification as part of the settlement — but all had received multiple waivers already. JPMorgan, Stein noted, had received five such waivers since 2008. By absolving JPMorgan of the automatic discipline and putting off further prosecution for at least three years, the Justice Department, SEC and CFTC have meted out what I’ve previously termed
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