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JPMorgan Chase

Federal Reserve Stress Tests Make Us All Muppets

There was disheartening news last week regarding the way the U.S. financial system operates. I’m not referring to the opinion piece by a departing Goldman Sachs Group Inc. employee, which suggested that the company has little respect for its customers.

If you have a complex derivatives transaction in place with Goldman -- or any other big Wall Street firm -- and you didn’t know they thought of you as a malleable “muppet,” it may be time to replace your chief financial officer.