News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Time for the financial crisis truth and reconciliation commission

With fines and regulatory settlements for big banks getting bigger, here’s an idea for ending the pain that would also allow a frank look at the causes of the crisis

A few billion dollars here, a few billion euros there, and pretty soon you’re talking serious money. As the fines and regulatory settlements for big banks head towards hundreds of billions of dollars, it prompts the question posed by the chief counsel at JP Morgan Chase: “At what point does this stop?”

Fresh from negotiating a record-breaking $13 billion settlement for JP Morgan, Stephen Cutler continued: "At a certain point people become immune to the numbers."

WSJ Logo