JPMorgan's Conservative Anti-Banking Regulation Dogma and it's Results

[tnuctip]

Even as they campaign against the economic safeguard of government
regulation, corporate conservatives demonstrate the necessity for
reins on their unfettered power to wreck economies.

Regarding Morgan's risk model problems it was cited two years ago
that ;” [R]isk models based on VaR "predictions" are flawed and only
add to systemic instability due to the ever increasing correlations
across all asset classes.”

http://www.zerohedge.com/article/why-var-joke-morgan-stanley-admits-losses-april-and-may-were-much-higher-anticipated

Why else would Oil and Gold fall with stocks? And, who has the weight
to affect appreciable segments of markets?

http://www.federalreserve.gov/SECRS/2011/April/20110411/R-1401/R-1401_040811_69319_225807669273_1.pdf

Banks and Financial Institutions became the risk in the economy due
to a warped analysis and judgment motivated not by an appreciation
for the economy of which they were an integral part but by a
parasitical, Mammon worshiping, near hereditary "conservative"
mantra of self aggrandizement.

State and local banker's understood the former “golden rule” because
they were members of the community thus affected. Today’s bankers
adopt a latter day “golden rule” forgetting that they , or rather
their hired bean counters and soothsayers , are hardly immune to
bias , prejudice or error - even if they do substitute mathematics
for sacrificial entrails and astrology to predict future outcomes.

Yet the Georgia Legislature failed to protect local banks within a
rational developmental infrastructure, allowing a succession of
invading carpet baggers to displace the state banking infrastructure
by purchase into national and now international financial
conglomerates. Local investment and development is thus delivered to
foreign powers interested only in profit without regard to
communities they thus impact but do not live, work or answer to.