When Trying to Follow Rules Isn't Enough (JPM)

``The problem, from his vantage point, is that Wall Street attracts risk-takers, which is how banks like JPMorgan make money. "JPMorgan is by no means unique," he said. "None of these big banks really want compliance people causing traders and investment bankers to second-guess themselves too much because that gets in the way of making money. No one will say this, but it's more effective to run the risk of noncompliance and pay a few fines, which is just a cost of doing business." ''