A Big Whine By The Big Banks

A Big Whine By The Big Banks

Over the past two days, the three largest American banks — that would be Bank of America, JPMorgan Chase and Wells Fargo — have all filed their 10-Ks. Taken together, the 3 filings added up to nearly 1,600 pages. After skimming large parts of them over a 24-hour period, we’d like to humbly suggest that the CIA seek to integrate the forced reading of lengthy SEC filings into their counter-terrorism efforts.

We are joking, of course, but one thing that came across from reading all three filings is that the big banks are very concerned with the current regulatory environment; and within the context of the national political competition underway, they are concerned about what might happen...