JP Morgan Looks To Divest Commodity Manipulation Business

A little bit of news coverage and Congressional questioning gets JP Morgan to at least go through the motions of getting out of their most recent scam:

JPMorgan Chase & Co. JPM -0.80% announced today that it has concluded an internal review and is pursuing strategic alternatives for its physical commodities business, including its remaining holdings of commodities assets and its physical trading operations.

To maximize value, the firm will explore a full range of options over time including, but not limited to: a sale, spin off or strategic partnership of its physical commodities business. During the process, the firm will continue to run its physical commodities business as a going concern and fully support ongoing client activities.

J.P. Morgan has built a leading commodities franchise in recent years, achieving a top-ranked revenue position. The business has been consistently named as a top client business in Greenwich Associates' annual client surveys and was recently named Derivatives House of the Year by Energy Risk magazine.

Seriously, though, what's to keep Glencore or one of the other major commodity players from doing the same thing?  Do they really expect regulations to be written to stop them from hoarding metals?  I'm guessing this is just show.