Making Banking Boring Is the Wrong Way to Make It Safer: View

If only banking were boring again, as it was from the end of World War II to about 1980, our financial system and economy would be in much better shape, goes the refrain ever since JPMorgan Chase & Co. said it had a $2 billion trading loss.

Out with the reckless 20-somethings making millions and back to the safe but dull 3-6-3 business model: Pay depositors 3 percent interest, lend at 6 percent, pocket the difference and hit the golf course by 3 p.m.