Wednesday, October 16, 2013

On the second day, a sail drew near, nearer, and picked me up at last. It was the devious-cruising Rachel, that in her retracing search after her missing children, only found another orphan

The first line of Moby Dick?  Just like the first two lines of The Weight -- everybody knows it.  Or at least the subset of everybody with whom I concern myself on a daily basis do.

Not so many the last line, though.  Or, in the case of the title of his post, the last two.  I would have gone with just the last one, but felt like the word Rachel needed a bit of context, lest we think her a person.  In the book it's the Rachel (a boat) that plucks our narrator out of the briny sea -- the only survivor of the Pequod -- thus ending the story.

All this by way of announcing that JPMorgan has settled the last little bit of the London Whale uproar by paying a hundred million dollar fine and admitting wrongdoing in such a wonderfully lawyered-up way as to render them immune from private litigation.

Together with previous settlements, this brings them up to about a billion in fines related to this episode ... and six billion in losses.  Lord have mercy!  Thank God they're doing fabulously well in other areas.

Me?  All this just made me think of Ina Drew ...


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