If “Too-Big-to-Fail’’ Means “Too-Big-to-Jail” It Should Mean “Too-Big-to-Be”
In a couple of days, the so-called US Justice Department will be announcing an “agreement” reached with five large banks, including two of the largest in the US — JP Morgan Chase and Citigroup, the holding companies for Chase and Citibank — under which these banks or bank holding companies will plead guilty to felonies involving the manipulation of international currency markets.
