They called him a hero. The most esteemed banker of his time. The captain who could steer the ship while others foundered. Now the truth is out, and Wall Street's golden boy, Jamie Dimon, has fallen to earth with a thud. Why did it take so long?
Mary Jo White -- President Obama's nominee to serve as chairman of the Securities and Exchange Commission (SEC) -- said at her confirmation hearing today that the investing public need not worry about her history of defending companies from the government.
Why is this an idea whose time has come? Because there's a direct connection between financial health and productivity. The financial security of employees continues to be eviscerated by the securities industry, which often operates without ethical or even legal constraints.