J.P. Morgan's Malfeasance "Earns" A $13 Billion Fine & Wall St. Can't Wait For Its Return

Alan: The coziness between Dimon and Federal officials is like Elliot Ness sleeping with Al Capone. It nees to be said that since American banks are too big to fail -- and American regulators too craven to trust-bust -- federal officials have to option but sleeping with the enemy. Pass the K-Y.

Dimon's goal: earn back D.C.'s trust. "When top bankers assembled at the White House in early October, J.P. Morgan Chase & Co.'s James Dimon found his assigned seat in the corner, far from his usual perch across from President Barack Obama. Mr. Dimon, who in previous gatherings had been quick to share his opinions with the president, was reserved and said little during the meeting, according to people who attended. Mr. Dimon's placement didn't go unnoticed by his fellow chief executives, who saw it as a symbolic shift meant to underscore the depths to which J.P. Morgan has fallen in Washington's eyes...To win back Washington's trust, Mr. Dimon is holding frequent meetings with the bank's lead examiners at the Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency." Deborah Solomon, Scott Patterson, and Dan Fitzpatrick in The Wall Street Journal