PayThink

JPMorgan’s flawed value at Risk modeling failed to catch the danger in its Chief Investment Office. But the metric’s elevated readings now threaten the bank’s ability to take risk elsewhere.

That $2 billion trading loss is just last week's headline. Is Chase so big and complicated that no CEO could apply, teach and enforce decency and the smell test?

Odds and ends from the Reporter's Notebook Remnants Bin.

A follow up to the April 9, 2012 article, "Post-Merger Issues Surface in Florida" about Space Coast Credit Union.

Shareholders, creditors, counterparties and regulators deserve to know more about the causes of that $2 billion trading loss.

Until now, there was no expectation that anyone at Tuesday's shareholder meeting would complain about the enormous booty Jamie Dimon earns. The $2 billion trading loss changes everything.

As a former banker, I watched in amazement and disgust as the country's largest banks morphed from trusted fiduciaries of customer financial assets to unrepentant predators of consumer financial assets in just a few decades.

I guess I'm tired of reading and hearing banks and their managements cursed, ridiculed and extolled for causing the financial meltdown and economic crisis. It seems that most everyone from Washington to the "Occupy" groups wants a piece of banking's hide for the pain of this recent experience.

I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.

The best way to stave off regulatory excess in the wake of a financial crisis is to stop causing crises in the first place. More restraint on financial institutions' part could help.