| Opinion/The Review

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Kid gloves for Wall St.

Email Newsletters

Click here to sign up for one of our email newsletters.

Letters home ...

Traveling abroad for personal, educational or professional reasons?

Why not share your impressions — and those of residents of foreign countries about the United States — with Trib readers in 150 words?

The world's a big place. Bring it home with Letters Home.

Contact Colin McNickle (412-320-7836 or

Daily Photo Galleries

Letter to the Editor
Tuesday, Nov. 5, 2013, 9:00 p.m.

The Washington Post story “Justice Department, JPMorgan Chase bank reach $13B settlement on faulty mortgages” (Oct. 20 and and other reports loudly announced that JPMorgan is “settling” civil complaints with federal regulators. While $13 billion might sound like a whole lot of money to mere mortals, to Morgan, it doesn't come to “pin money.”

Interestingly, no individuals are held responsible, let alone punished, and remember, it's individuals who set policy and make decisions that govern the actions of banks and financial houses.

Regarding Justice “holding open the door to criminal action,” nobody is holding their breath, or very few are, given the kid-glove treatment Wall Street has received from President Obama et al .

Additionally, respecting the egregious nature of bank and financial-house antics in the home mortgage racket, remember “robosigning,” for instance. How come Justice, under Eric Holder, Obama's attorney general, has yet to commence the first prosecution of any high-level executives, remembering that it's individuals who make decisions, who set policy?

Am I simply an evil-minded old man, or does the adage about “where there's smoke, there's fire” still hold true? For there is not only smoke regarding the kid-glove treatment of bankers and financial types, there is a really terrible smell.

How come so little from Obama et al. here, compared with so much from them regarding other things — Operation Fast and Furious, for instance? How come, indeed.

Alan Schultz


Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Letters

  1. March of the lemmings
  2. End climate change
  3. Home, sweet home?
  4. A fresh face needed
  5. Pipelines to the future
  6. Another fee billed to drivers
  7. The budget impasse