{"id":32550,"date":"2012-05-17T17:00:00","date_gmt":"2012-05-17T17:00:00","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/washington_post_robert_j-_samuelson-the_real_lesson_from_jpmorgan\/"},"modified":"2012-05-17T17:00:00","modified_gmt":"2012-05-17T17:00:00","slug":"washington_post_robert_j-_samuelson-the_real_lesson_from_jpmorgan","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32550","title":{"rendered":"(Washington Post) Robert J. Samuelson&#8211;The real lesson from JPMorgan"},"content":{"rendered":"<p>It\u2019s a teachable moment, but what\u2019s the right lesson? Already, the $2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful storyline. Nothing has changed since the financial crisis, it\u2019s said. Big banks remain out of control, gambling recklessly. If Jamie Dimon\u2019s bank, reputed to be one of the best-managed, can get into trouble, what can we expect of the others? Government regulations and regulators need to be tougher to counteract bankers\u2019 greed and incompetence.<\/p>\n<p>The storyline is marred only by this: Everything in it is exaggerated, misleading or wrong.<\/p>\n<p>Let\u2019s take stock. Here are four propositions that defy conventional wisdom.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/blogs\/post-partisan\/post\/the-real-lesson-from-jpmorgan\/2012\/05\/15\/gIQAdlUeRU_blog.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a teachable moment, but what\u2019s the right lesson? Already, the $2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful storyline. Nothing has changed since the financial crisis, it\u2019s said. Big banks remain out of control, gambling recklessly.<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32550\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,589,595,149,617,616,151,618,599,585,596],"tags":[],"class_list":["post-32550","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-corporationscorporate-life","category-credit-markets","category-economy","category-house-of-representatives","category-office-of-the-president","category-politics-in-general","category-senate","category-stock-market","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32550"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32550\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}