• While we wait for news that JPMorgan will pay $800 million + an admission of wrongdoing to settle the London Whale trade, it turns out that the SEC has entered into "no admit, no deny" settlements with a passel of short sellers.  We'll see how much the agency's new quest for accountability meshes with the need to close cases.
• Sheila Bair came to Penn, and here's what she said about reforming financial regulation.
• More evidence that the New York financial supervisor and the national ones are carving out different regulatory perspectives: favored bank consultant Promontory is being investigated by the former, even as it is hired to pitch the latter for client forbearance. 

Administrative Law, Finance, Financial Crisis, Financial Institutions | Bookmark

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