The time-warp back to 2008…

Yogi Berra had a folksy gift for giving new life to clichés. His “déjà vu all over again” is apropos to the $2+ billion loss that J P Morgan Chase recently announced. I feel that I’m in a time-warp like the one that carried Jean Luc Picard back to help the inventor of the warp drive. This, however, is not a sci-fi thriller—it’s a real life insult to the American public.

You will recall that in 2008 that there were two bank lists. There were the banks that were “too big to fail” like J P Morgan...