A year ago the DOJ announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis?
The powerful, super-wealthy people at the top of the economic food chain have noticed all this populist stirring. Boy, have they noticed. In spite of all their power and wealth, they are offended that anyone is suggesting that the system should be tinkered with. They're speaking out -- in truly silly ways -- and putting their money where their mouths are.