Matt Levine, Bloomberg, Can JPMorgan Settle the Entire Financial Crisis? here. And he’s writing about mush. But read him anyway. He is like Jon Stewart for Finance, stylistically.
I like to think I have a pretty good sense of humor about these things, but the JPMorgan Chase mortgage settlement stuff bores me to tears. Part of it is just that there’s no settlement yet so, like, OOH LET’S TALK ABOUT WHAT WE THINK IT MIGHT BE. But it’s also just such a mess of squish and who likes squish really.