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JPMorgan Chase

Bankers' opposition to Volcker rule is no surprise

By Michael Hiltzik

Mandy Rice-Davies, an exotic dancer who played a peripheral role in the Profumo affair that rocked 1960s Britain — in which a Parliament minister was discovered sharing a mistress with an alleged Soviet spy — won her bit of fame by uttering perhaps the wisest riposte ever about the reflexive disavowals one hears from those caught doing wrong.

Told that one of her high-placed lovers denied ever having met her, she replied, "Well, he would say that, wouldn't he?"