Will no one rid me of the accursed examiners?
The Wall Street Journal has long led the struggle against freer more efficient markets. Whatever its rhetoric, its policies favor crony capitalism. The latest example is the July 23, 2012 article: by Francesco Guerrera entitled “Too Many Cops on the Bank Beat.”
By William K. Black
(Cross-posted from Benzinga.com)
Jessica Silver-Greenberg and Ben Protess have written an extraordinarily important column for the New York Times about embedded examiners at JPMorgan.
Embedded examiners’ are federal regulators whose normal work station is a desk at the bank. We only embed examiners for systemically dangerous institutions (SDIs) – banks so large that they pose a systemic risk to global economy.
Click images to view details
