18 September 2023
The nonprofit watchdog, Better Markets, recently shed light on the alarming corruption in the U.S. financial sector. Professor Anat Admati starkly summarized it: “Corruption has become the system.” JPMorgan Chase stands out as a prime example, notorious for its “London Whale” scandal and other malpractices. The bank’s unchecked behavior underscores the systemic failures of regulation, allowing such entities to dangerously grow without consequences.