Jamie Dimon

December Surprise? From Rubin to Pelosi, Wall Street & DC Dems Push Post-Election Austerity

Richard (RJ) Eskow | Posted 05.31.2012

Read More: Simpson/Bowles, Robert Rubin, Jamie Dimon, Democratic Party, Austerity Economics, Nancy Pelosi, Dick Durbin, Politics News

"Take back your party," Pelosi recently advised traditional Republicans. "This is not the Grand Old Party that we know." Take back your party: That's sound advice -- for everyone in Washington.

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The Final Straw: Break Up the Banks

David Fagin | Posted 05.30.2012

Read More: JP Morgan Chase, JP Morgan, Lehman-Investigation, Lehman Brothers, Financial Reform, Financial Crisis, Sec, Obama, Jamie Dimon, Facebook, Barack Obama, Politics News

Breaking up the banks might not be the answer to the "Economic Utopia" we all dream of, but, after the events of the past five years, could it get any worse?

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Mr. Dimon's Bank, Sen. Lee's Short Sale: Unanswered Questions About a Suspect Deal

Richard (RJ) Eskow | Posted 05.29.2012

Read More: JPMorgan Chase, Jamie Dimon, London Whale, Mike Lee Short Sale, Jpmorgan Short Sale, Jp Morgan Mortgages, Mike Lee Jp Morgan, Business News

Why is it that most Americans can't get a principal reduction from Chase or any other bank, but JPMorgan Chase was so very flexible with a sitting member of the United States Senate? People should be demanding those answers now.

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Too Complex To Regulate: JPMorgan's Losses Highlight Need For Simplicity

Peter S. Goodman | Posted 05.28.2012

Read More: Jpmorgan, JPMorgan Chase, Banking Regulation, Volcker Rule, Banking Crisis, Banking Reform, Sheila Bair, Jamie Dimon, Business News

You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.

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Dimon To Talk Trading Loss With Senate

Reuters | Posted 05.25.2012

Read More: Business News, Jpmorgan Loss, Jamie-Dimon-Testify, Jpmorgan Trading Loss, Video, Jamie Dimon, London Whale, Reuters, Business News

By Alexandra Alper WASHINGTON, May 25 (Reuters) - JPMorgan Chase & Co's Chief Executive Jamie Dimon will be invited to testify be...

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How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations

Richard (RJ) Eskow | Posted 05.25.2012

Read More: JPMorgan Chase, Federal Reserve, Elizabeth Warren, Bernie Sanders, Jamie Dimon, Simon Johnson, Business News

The question isn't whether we need a central bank: We do. The question is, Why is it dominated by the people who have already ruined the economy once -- and who have a clear conflict of interest?

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Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012

Read More: JP Morgan Chase, Jamie Dimon New York Fed, Esther George, JPMorgan Chase, Video, JP Morgan, Jamie Dimon JPMorgan Chase, Fed, Kansas City Fed President Esther George, Regulation, Federal Reserve, Banks, Jamie Dimon, New York Fed, Slideexpand, Business News

Don't worry, Jamie Dimon. Even in the Facebook mess, you are not forgotten. Kansas City Federal Reserve President Esther George on Thursday said in...

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Which Wall Street Party Do You Want to Vote For?

Joseph A. Palermo | Posted 05.24.2012

Read More: JP Morgan Chase, Bill Clinton, Cory Booker, Ed Rendell, President Obama, Wall Street, Mitt Romney 2012, Bain Capital, MF Global, Occupy Wall Street, Larry Summers, John Corzine, Jamie Dimon, Timothy Geithner, Alan Greenspan, Glass-Steagall, Politics News

It's an uphill climb for Obama to even mildly criticize Mitt Romney for being a vulture capitalist given his lack of accomplishment in holding anyone on Wall Street accountable for the economic carnage they wreaked.

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Some Institutions Are Too Big to Succeed

Harlan Green | Posted 05.24.2012

Read More: Dodd-Frank Act, JP Morgan Chase, Glass-Steagall Act, Paul Krugman, Jamie Dimon, Income Inequality, Jp Morgan Collapse, Business News

Whether out of ignorance or not understanding the ramifications of such high risk derivative hedges, CEOs such as JP Morgan Chase's Jamie Dimond apparently have little control over the trades such as caused the $2 billion loss.

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Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 05.24.2012

Read More: Congress, Securities and Exchange Commission, Financial Reform, Commodity Futures Trading Commission, Elections 2012, Enron, Wall Street Reform, Jamie Dimon, Volcker Rule, Cftc, Financial Watchdog, JPMorgan Chase, Wall Street, Wall Street Regulation, Barack Obama, Mary Schapiro, Sarbanes-Oxley Act, Sec, Banking Reform, Gary Gensler, Glass-Steagall, Gary Gensler Chairman CFTC, Lobbyists, SEC Chairman Mary Schapiro, Appropriations, Banking Lobby, Banking Industry, Obama 2012, Dodd Frank, Special Interests, Business News

If Congress is truly serious about banking reform, it needs more than just well-intentioned laws: it also needs the right people to enforce those laws, it needs to give those people the resources they require to do their job properly, and it needs to pay them decently.

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If We Can't Understand Them, We Should Just Break Them Up

Rep. Brad Miller | Posted 05.24.2012

Read More: Financial Crisis, Banks, Financial Regulation, Financial Reform, Jpmorgan, Banking Regulation, JPMorgan Chase, Banking Reform, Too Big to Fail, Jamie Dimon, Politics News

The biggest banks argue that if the lesser mortals who populate the institutions of democratic government don't understand the intricacies of their business, then we just shouldn't meddle.

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JPMorgan Has A Worse Reputation Than Goldman Sachs Right Now

The Huffington Post | Harry Bradford | Posted 05.23.2012

Read More: JPMorgan Chase, Goldman Sachs, Video, Jpmorgan Chase Consumer Perception, Abacus, Goldman Sachs Reputation, Jamie Dimon, Jpmorgan Chase Reputation, Slideexpand, Consumer Perception, Yougov, Citigroup, Business News

Apparently an op-ed from a bitter employee and a $2 billlion trading loss will do about the same amount of damage to a big bank’s reputation. In ...

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10 Reasons to Be Suspicious About Wall Street's Facebook Fiasco

Richard (RJ) Eskow | Posted 05.23.2012

Read More: Financial Fraud, Meg Whitman, Mark Zuckerberg, JPMorgan Chase, Goldman Sachs, Jamie Dimon, Morgan Stanley, Facebook, Facebook IPO, Facebook Stock Price, Facebook Stock, Business News

Here are ten reasons why it makes sense to be suspicious of the Facebook IPO, starting with the fact that any overview of the three institutions which handled it might best be described as "rounding up the usual suspects."

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Why Obama Should Be Attacking Casino Capitalism -- Both Romney's Bain and JPMorgan

Robert Reich | Posted 05.22.2012

Read More: JP Morgan Chase, Mitt Romney Bain Capital, JPMorgan Chase, JP Morgan, Bain Capital, 2012 Election, Mitt Romney 2012, Elections 2012, Mitt Romney, Jamie Dimon, Obama Romney, Politics News

Bain Capital and JPMorgan are parts of the same problem -- a particular kind of capitalism that uses other peoples' money to make big bets which, if they go wrong, can wreak havoc on the economy. The president should be leading the charge against both.

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Plop Goes the Weasel!

Michael Sigman | Posted 05.22.2012

Read More: Credit Swaps, Dick Lugar, Hank Paulson, Richard Moudock, President Obama, Herman Cain, George W. Bush, Mitt Romney, Jamie Dimon, Video, Comedy News

The ability to snatch the spotlight when good things happen and vanish the moment they go south is the domain of the credit weasel. Shamelessness is fundamental to superior credit weaseling. It's also a sine qua non for Mitt Romney's presidential campaign.

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Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 05.22.2012

Read More: Jpmorgan Regulation, JPMorgan Chase, Video, Wall Street, Senate Banking Committee, Jpmorgan, Jamie Dimon, Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Regulation, Ap, Cftc, Business News

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

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Citizen Bane

David Crisanti | Posted 05.21.2012

Read More: JPMorgan Chase, Jamie Dimon, Wall Street Journal, The New York Times, Business News

I agree with Jonathan Macey's opinion piece in Tuesday's Wall Street Journal ("Losing Money isn't a Crime") that we don't need to vilify JPMorgan for...

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Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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Jamie Dimon Complains More, As JPMorgan Chase Losses Eclipse $30 Billion

Mark Gongloff | Posted 05.21.2012

Read More: JP Morgan Chase, JPMorgan Chase, JP Morgan, Wall Street, Jamie Dimon JPMorgan Chase, Financial Reform, Jpmorgan, Jamie Dimon, Volcker Rule, Financial Regulation, JPMorgan Chase $2 Billion Loss, Business News

Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. ...

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Protesters March To Geithner's House

HuffingtonPost.com | Luke Johnson | Posted 05.21.2012

Read More: Geithner, Video, Timothy Geithner Protests, Tim Geithner Protest, Ndma, National People's Action, Jamie Dimon, Timothy Geithner, Npa, Politics News

WASHINGTON -- Protesters marched on Sunday to Treasury Secretary Timothy Geithner's home Sunday in Bethesda, Md., but got no response when they knocke...

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Dimon On Trading Loss: 'It's An Embarrassment, It's A Black Mark'

AP | PALLAVI GOGOI | Posted 05.22.2012

Read More: Deutsche Bank, Jpmorgan Trading Loss, JPMorgan Chase, Video, CEO Jamie Dimon, Stock, Jpmorgan, JPMorgan Stock, Stock Repurchase, Jamie Dimon, Ap, Economic Downturns, Business News

NEW YORK (AP) — JPMorgan Chase is suspending plans to buy back its own stock, a little over a week after the bank posted a large trading loss. ...

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Does JPMorgan's Derivatives Fiasco Portend the Collapse of Crude Oil and Gasoline Prices?

Raymond J. Learsy | Posted 05.21.2012

Read More: Rex Tillerson, JPMorgan Chase, Price of Gasoline, Directional Bets, Speculation, Financial Derivatives, Exxonmobil, Federal Deposit Insurance Corp, Oil, Financial Crisis, Federal Reserve, Vlcc, Wall Street Banks, Jamie Dimon, Senate, Business News

It is a grotesque symbol of how the Wall Street banks control our government. Mr. Dimon, sir, out of respect to our waning confidence in government institutions, your resignation from the Fed Board is well past due.

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Jamie Dimon Should Resign From the Board Of The New York Fed

Simon Johnson | Posted 05.21.2012

Read More: JP Morgan Chase, Fiscal Affairs, JPMorgan Chase, JP Morgan, Wall Street, Financial Crisis, Jamie Dimon, Timothy Geithner, Business News

To have Jamie Dimon involved in overseeing the management of the New York Fed, an organization that oversees his activities, decisions, and potential losses, is no longer acceptable. We do not accept such conflicts of interest in other parts of American society.

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Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 05.21.2012

Read More: Banking, JPMorgan Chase, Banks, Wall Street, Jpmorgan, Jamie Dimon, Financial Crisis Inquiry Commission, Derivatives, Volcker Rule, Glass-Steagall, Business News

Jamie Dimon was hailed as the wizard of Wall Street. Until the revelation of JPMorgan Chase's disastrous derivatives bet, he was the man who supposedly could do no wrong. But, alas, even wizards are not all powerful, not in Oz and not when trading in financial derivatives.

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Krugman: Romney's JPMorgan Stance 'Completely Clueless'

The New York Times | Paul Krugman | Posted 05.21.2012

Read More: Banking Regulations, JPMorgan Chase, Mitt Romney, Aig, Jimmy Stewart, Jamie Dimon, Paul Krugman, Dodd-Frank Regulations, Financial Regulations, Business News

Sometimes it’s hard to explain why we need strong financial regulation — especially in an era saturated with pro-business, pro-market propaganda. ...

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