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In its Tuesday editorial “Having it to lose,” the Chicago Tribune assumes information neither it, nor anyone else, possesses right now, that the wild speculation in which JPMorgan Chase engaged is an isolated case and not the tip of a very large iceberg of reckless risk-taking by the large banks, which could lead to a repeat of what occurred in 2008.
The fact that America enjoyed relative financial stability for decades under Glass-Steagall, separating commercial and investment banking, should lead the Chicago Tribune and every other responsible news organization to advocate for a return to the same. To do otherwise is the zenith of ideological editorializing.
— Richard A. Kosinski, Chicago
