JPMorgan Gets a Break Where Goldman Got Nailed: Jonathan Weil - Bloomberg:
"Once again the Securities and Exchange Commission has filed a complaint against a too-big-to- fail bank that hinges on the meaning of one word: “selected.” Last year, the bank was Goldman Sachs, which the SEC accused of intentional fraud. This week, the defendant was JPMorgan, which got far easier treatment.
Why the different approaches? The agency isn’t saying. Judging by the allegations, both companies in essence did the same thing. Yet JPMorgan caught a break, and Goldman didn’t."
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