Too big to jail.

• Author: Peters, Charles
• Position: TILTING AT WINDMILLS - Financial status of the banking industry - Brief article

Were you as alarmed as I was about the state of our big banks by recent articles by Matt Taibbi in Rolling Stone, and by Frank Partnoy and Jesse Eisinger in the Atlantic? If not, consider a report from this winter's World Economic Forum by Rana Foroohar of Time: "one of the world's richest hedge funders," Elliot Management's Paul Singer, said that "even his team of skilled analysts couldn't make heads or tails of the trading positions of major global banks."

Or how about the report by Jonathan Well of Bloomberg, which addresses the question "How did JPMorgan's chief investment office, which...