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Can we kick banks out of the commodity business already?



July 30, 2013 – Comments (0) | RELATED TICKERS: STO , P

Ok so now JPM is accused of manipulating power markets in California and the midwest.  And guess what?  We won't prosecute anyone we will just fine the bank instead, which means the shareholder.  Nice that they are spinning off their warehouse business, but please get GS and MS to do the same.  Kick their butts out of the commodity business already.  I so want to see GS dwindled down because they chose to become a bank when the money was free and want to declassify because it will now limit their activities.

Regulators, STOP JUST FINING. PROSECUTE INDIVIDUALS ALREADY.  Win or lose so be it but stop pushing the WRONG message.

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