"The Federal Reserve was aware of risky practices at JPMorgan Chase as early as 2008 but failed to follow up for more than three years until those risks had snowballed into the company's $6.2 billion London Whale scandal, according to a new report from the central bank's Office of Inspector General.
"Financial reform advocates' response to this unhappy but perhaps not surprising news was summed by Dennis Kelleher, president and CEO of Better Markets.
