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Law into effect. the fed and others are filling in the colors to paint the picture. they re working on the final version of the so-called bocar rule for hedging by the bank using congress men s money. now, back in february, jp morgan chase sent a 67-page letter to these agencies complaining that the proposed rule was way too broad. they said that the rule would hurt american companies. they said the new rule would impose high costs on banks and companies and the american economy. they said the banks need to hedge their trades in order to protect the safety and soundness of banking itself. and my own personal favorite, they complained that the proposed rule wrongly assumes that banks will try to, quote, camouflage prohibited trading in order to evade the law. the nerve! the problem is, it seems that at the very moment jp morgan chase wrote that letter, they were engaging what ceo jamie dimon ....