If there was ever any doubt that the recently announced JPMorgan Chase "probe" was merely an early summer's entertainment to keep the masses distracted, I'd say their hire of this former SEC chief to help them has cleared up that question. The SEC is notorious for its incestuous ties with Wall Street and their all-too-forgiving ways toward their former (and possibly future) employers.
JPMorgan Chase said on Monday that it has hired Mel R. Martinez, the former senator and secretary of housing and urban development, as a senior executive for the Florida, Caribbean and Central America region. Read Post
Alan Schwartz, the former chief executive of Bear Stearns, has decided not to stay at JPMorgan Chase, which bought Bear earlier this year at a fire-sale price in an emergency deal that stunned Wall Street. A JPMorgan spokesman told ... Read Post