And Now We Know The Truth About Wall Street: It's Just Kids Playing With Dynamite

Henry Blodget, Business Insider | May 11, 2012, 10:31 AM

Yesterday's JP Morgan blowup has now put any lingering questions to rest.

Wall Street banks simply cannot be trusted to manage the massive risks they are taking.

After the financial crisis, when most of the world's banks were revealed to have been run by reckless gamblers, a couple of institutions stood above the fray.

JP Morgan was one of them.

The idiocy of a handful of gamblers should not be construed as a problem with the system as a whole, institutions like JP Morgan said.

(More here.)