Did you know that JP Morgan Chase and the Bank of America have "compliance divisions" made up of people who are supposed to ensure that the banksters obey the law?
I'm guessing that they probably work 12 hours a day and that the daily routine for those folks is something like this:
8:00-8:10- Morning meeting
8:15-9:00- Ride executive coach to the golf course
9:15-10:45- Play the front nine
11:00-12:00- Libations
12:00-100- Lunch
1:15-3:00- Play the back nine
3:15-4:00- Executive coach back to the office
4:20-4:45- Afternoon status meeting, part 1
5:15-7:00- Afternoon status meeting, part 2, in the back room of some swanky eatery.
7:05-8:00- Libations
8:00- Quitting time.
You'd have to drink a lot to do that job, for damn sure. Because you have to know that your job is just regulatory eyewash, the banksters' equivalent of providing alibis for John Gotti and Whitey Bulger
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That's half of them. Every company needs a place to put the old people whom everybody likes, and who need to stay on the job another two years before they're eligible for Medicare.
The other half are the young hot-shots in R&D, running agent-based simulations of the Attorney General's likely responses to the latest idea from the proprietary-trading desk.
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