BUSINESS

Matt Taibbi: JPMorgan Isn't The Only Bank That's In Trouble

NEW YORK - OCTOBER 28:  Matt Taibbi attends the Huffington Post 2010 'Game Changers' event at Skylight Studio on October 28,
NEW YORK - OCTOBER 28: Matt Taibbi attends the Huffington Post 2010 'Game Changers' event at Skylight Studio on October 28, 2010 in New York, City. (Photo by Neilson Barnard/Getty Images)

I've been away for weeks now on a non-financial assignment (we have something unusual coming out in Rolling Stone in a few weeks) so I've fallen behind on some crazy developments on Wall Street. There are multiple scandals blowing up right now, including a whole set of ominous legal cases that could result in punishments so extreme that they might significantly alter the long-term future of the financial services sector.

As one friend of mine put it, "Whatever those morons put aside for settlements, they'd better double it."

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