Conflicts of cozy interests

Am I the only one uncomfortable with the White House Chief of Staff sitting in on JPMorgan Chase's board meetings?

In an era where our federal government is handing out taxpayer dollars to private entities, picking and choosing which banks should fail and which banks will succeed, it seems wrong to have government officials at the highest levels getting so cozy with one particular bank. I'll bet that CIT wouldn't be forced into bankruptcy if they too had the opportunity to have the President's right hand man over for a visit...

I would guess this: Investing in JPM stocks is probably a pretty safe bet over the long term, 'cause they are apparently going to continue to get what they ask for...

THIS is whyipaytaxes.

read more: In Washington, One Bank Chief Still Holds Sway(nyt)