AN AMERICAN MOTU DOESN'T LIKE THE BLOOMBERG EDITORS' IDEAS

Jaime Dimon of JPMorgan Chase whined to the Financial Times about the new rules (Basel III) designed to restrain the feral banksters.  He also provided a timeframe for the tort claims the banksters are facing:

Mr. Dimon said it could be “three to 10 years” before the industry emerged from lawsuits brought by investors looking for compensation for the losses incurred on structured products underpinned by bad mortgages.

Dimon thinks that the tort claims are enough accountability.