SEC Probe Deepens. Perhaps Good For NH.

It looks like the Security and Exchange Commission probe into the JP Morgan Bank is actually deepening.

This time they’re looking into insider deals with Chinese officials in exchange for “access.” This is very similar to what goes on in New Hampshire on a daily basis!

JP Morgan is now stating financial losses in the $3.6 billion dollar range.

This should be a big surprise.

I don’t like to deal in rumors but there are numerous rumors and theories out there on financial threads that President Obama is directly behind the SEC and working decisively toward changing the “way things are done” on not only Wall Street but in many banks including most that operate in New Hampshire.

I hope that this is the case. Change is needed.

It’s too bad we don’t have a Governor in this state that wants to do anything more than be a lawyer turned politician.

Change is needed there too.