NOWHERE NEAR TOUGH ENOUGH

The NY Times reports that the new SEC chief is getting tougher on the banksters but there's still (h/t Atrios) a long way to go:

JPMorgan Executive May Escape Penalty
By JESSICA SILVER-GREENBERG
July 18, 2013, 8:40 pm
NYT

Even as the nation’s top energy regulator is poised to extract a record settlement from JPMorgan Chase over accusations that it manipulated power markets, the agency is expected to spare a top bank lieutenant who federal investigators initially contended made “false and misleading statements under oath,” according to people briefed on the matter.