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Jamie Dimon

Jamie Dimon's JPMorgan Chase: Why It's the Scandal of Our Time

Richard (RJ) Eskow | Posted 07.14.2012 | Politics
Richard (RJ) Eskow

The Chase disaster gives us a much-needed a glimpse into our corrupt political system, its Wall Street paymasters, and the media voices that allow people like Jamie Dimon to escape scrutiny.

JPMorgan Chase Actually Lost $20 Billion On Its Bad Trade

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

By now you may have heard that JPMorgan Chase lost $2 billion on a bad trade. Multiply that by 10, and you're starting to get a better idea of how muc...

Pressure Builds On JPMorgan CEO After $2 Billion Loss

AP | PALLAVI GOGOI | Posted 07.14.2012 | Business

NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he fa...

Jamie Dimon Volker Rule

Jeff Danziger | Posted 07.14.2012 | Politics
Jeff Danziger

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Dimon Agonistes

The Huffington Post | Mark Gongloff | Posted 05.14.2012 | Business

Thing One: Dimon Agonistes: Whom the gods would destroy, they first make mad. Or bankers. Or both. JPMorgan Chase and its CEO Jamie Dimon are incr...

Paul Krugman: This Is Why We Regulate Wall Street

The New York Times | Paul Krugman | Posted 05.14.2012 | Business

One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...

Warren Calls Out JPMorgan CEO After Massive Loss

The Huffington Post | Mollie Reilly | Posted 05.14.2012 | Politics

Elizabeth Warren called on JPMorgan Chase CEO Jamie Dimon to resign from his post on the Federal Reserve Bank of New York's board, citing the need for...

Source: JPMorgan To Accept Resignation Of Chief Investment Officer

AP | PALLAVI GOGOI | Posted 07.13.2012 | Business

NEW YORK — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billio...

3 JPMorgan Execs Expected To Resign Following $2 Billion Loss: Report

AP | Posted 07.13.2012 | Business

The Associated Press NEW YORK (AP) -- Three high-ranking executives at JPMorgan Chase are expected to leave their jobs this week after a trading bl...

JP Morgan's Loss Could Be America's Gain

Joseph A. Palermo | Posted 07.13.2012 | Business
Joseph A. Palermo

The public opprobrium directed at Wall Street throughout 2008 and 2009 met with no satisfactory reformist result. That leaves us with Occupy Wall Street as the only viable option of steering the nation off the course of permanent high unemployment, low wages, and a shredded social safety net.

A Black Mark For Jamie Dimon

AP | PALLAVI GOGOI | Posted 07.12.2012 | Business

NEW YORK — The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days. In the 1980s and 199...

Jamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses

Janet Tavakoli | Posted 07.12.2012 | Business
Janet Tavakoli

The United States is trying to pull out of the greatest financial tailspins in its history. Dice-rolling braggadacio by a key officer at one of the nation's largest banks is exactly the kind of thing Congress, taxpayers and voters should find scary.

Barney Frank: JPMorgan's 'Leave Us Alone' Argument Has Blown Up

AP | DANIEL WAGNER | Posted 05.14.2012 | Business

WASHINGTON -- JPMorgan Chase faces intense criticism for claiming that a surprise $2 billion loss by one of its trading groups was the result of a slo...

JPMorgan Chase CEO: I Have No Idea Whether We Broke The Law

AP | Posted 05.11.2012 | Business

NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading...

Jamie Dimon's 'Meet The Press' Appearance Mired In Controversy

nytimes.com | KEVIN ROOSE and BRIAN STELTER | Posted 07.11.2012 | Media

Jamie Dimon was supposed to appear on NBC‘s "Meet the Press" this weekend for a friendly chat about his firm's Global Cities Initiative, a five-year...

D.M. Levine

On Wall Street, Nothing Has Changed

HuffingtonPost.com | D.M. Levine | Posted 05.11.2012 | Business

If you thought Wall Street had learned its lesson four years after the global financial crisis, JPMorgan Chase's $2 billion trading debacle suggests y...

The Daily Szep -- Jamie Dimon Looking for Dodd-Frank

Paul Szep | Posted 07.11.2012 | Business
Paul Szep

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Mark Gongloff

3 Ways Dodd-Frank Could Have Saved JPMorgan $2 Billion

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012 | Business

Somebody throw some water on the irony meter because it's burning up: JPMorgan could have been spared the embarrassment and pain of its $2 billion tra...

Why Blaming Jamie Dimon Misses The Point

Peter S. Goodman | Posted 07.11.2012 | Business
Peter S. Goodman

Fun as it may be to beat up on the arrogant Jamie Dimon for the $2 billion-plus derivatives fiasco at JPMorgan Chase, this is like blaming the lion that ate the kid who got too close to its cage at the zoo, rather than going after the guy who allowed such an unsafe cage to be built.

SEC Head: 'All The Regulators Focused On' JPMorgan Loss

AP | MARCY GORDON | Posted 05.11.2012 | Business

WASHINGTON -- The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase. ...

How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall

Robert Reich | Posted 07.11.2012 | Business
Robert Reich

What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.

JP Morgan Debacle Reveals Fatal Flaw In Federal Reserve Thinking

Simon Johnson | Posted 07.11.2012 | Business
Simon Johnson

In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.

Huge Trading Loss Cast Doubts On Bank Stocks

Reuters | Posted 07.11.2012 | Business

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Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012 | Business

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

Mark Gongloff

JPMorgan Chase Admits Big Losses On 'Egregious' Credit Trades

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012 | Business

JPMorgan Chase has suffered big, unexpected losses at a closely watched trading desk, providing fodder to supporters of a new financial regulation the...