Here you have the Fed, which is supposed to regulate Wall Street. Then you have the CEO of the largest Wall Street company on the board which [it] is supposed to be regulating. This is the fox guarding the henhouse. Dimon served on the New York Fed's board of directors amid the financial crisis. Appointed to the post initially in 2007, he is scheduled to end his second three-year term in December. He is currently the only executive of a major national bank to serve on a regional board. If it seems shady though, don't blame the Fed.
This article cites its sources but its page references ranges are too broad. (January 2017) A banyan, also spelled banian, is a fig that begins its life as an epiphyte, i. e. a plant that grows on another plant, when its seed germinates in a crack or crevice of a host tree or human edifice. Banyan often specifically denominates Ficus benghalensis, which is the national tree of the Republic of India, though the name has also been generalized to denominate all figs that share a common life cycle and used systematically in taxonomy to denominate the subgenus Urostigma.
A Pigovian tax (also spelled Pigouvian tax) is a tax levied on any market activity that generates negative externalities (costs not internalized in the market price). The tax is intended to correct an inefficient market outcome, and does so by being set equal to the social cost of the negative externalities. In the presence of negative externalities, the social cost of a market activity is not covered by the private cost of the activity. In such a case, the market outcome is not efficient and may lead to over-consumption of the product. An often-cited example of such an externality is environmental pollution.