An Ex-LTCM Trader Will Be Overseeing $70 Trillion In Derivatives

http://www.zerohedge.com/news/ex-ltcm-trader-will-be-overseeing-70-trillion-derivatives

U.S. Bank, Chase Pull Back from Student Lending

JPMorgan was one of the first big banks to get out of the subprime mortgage lending business in 2006--before the bubble burst.  They are now one of the first big banks to get out of the student lending business in 2012.  Arrive at your own conclusions.

http://www.americanbanker.com/issues/177_63/us-bank-student-lending-cfpb-1048016-1.html