Banks don't lose money. People lose money. That seems to be the feeling of Richard Kovacevich, the former chairman and CEO of Wells Fargo. "Why thi...

Say this for Phil Gramm: the man sticks to his guns. Thirteen years after helping to repeal the Glass-Steagall Act and under widespread criticism, ...

Casper's airy little fist packed no wallop when it came to impeding high-risk betting on Wall Street, the LIBOR lending rate manipulation or the disappearance of client money at MFGlobal. There's a much better way than Casper to catch a bankster: pay them to turn each other in.

All that money banks have spent wielding influence in Washington has "really paid off," according to Joseph Stiglitz. "Not for shareholders and bo...

Greenspan sprung to the aid of the Wall Street Mafia by proclaiming loud and clear there is no need to return to the Glass-Steagall Act and all it would imply in restricting the proprietary trading of banks: "Glass-Steagall was never a useful vehicle."

* Bair says doesn't like "piling on" over JPMorgan * Says loss does not threaten viability of the bank * But says it doe...

Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JP Morgan Chase's Jamie Dimond apparently have little control over the trades such as caused the $2 billion loss.

The "success" of private equity must mean that everyone must be an entrepreneur, an engineer or an M.B.A. "Change" that worked in the conditions of the '70s must be the solution in times that even Brooks admits are "radically different."

A Greek default would start in Athens, but it wouldn't be long before it's felt in Paris, Berlin, New York and Toronto. In today's intertwined financial markets, everyone has exposure to everyone else's problems.

Sure the economy is still a mess, unemployment is high, civil services and pensions are being slashed, a record number of people are on food stamps and families are losing homes. But Jamie Dimon does his best to distract the United States from these unpleasant realities.

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

The core lesson of the Corzine imbroglio and his "Who me?" testimony before various congressional committees has not been instinctively overlooked, but certainly not emblazoned into our consciousness, as well it should be.