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Jp Morgan Chase

Make Wall Street Pay for Creating New Jobs

Richard Trumka | Posted 05.25.2011 | Business
Richard Trumka

$9 million in stock options as a 2009 bonus for Goldman Sachs CEO Lloyd Blankfein is now considered a big concession from Wall Street. Before we all start applauding, let's take another look at what's really happening on Wall Street.

For Biggest Banks, Deposits Remain Sticky

Dennis Santiago | Posted 05.25.2011 | Business
Dennis Santiago

Despite the high intrigue of Washington politics and the grass roots displeasure across the nation, it remained business as usual for the big four banks as far as Main Street's deposits were concerned.

Move Your Money and Save

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks impose much higher costs on their customers than small banks and credit unions do. Moving our money could save us billions of dollars a year.

NEWS: Arrests, Actions: Blowing Off Thumbs of Soldiers, Blowing Off Mountaintops, Does JP Morgan Chase Fund Crime?

Jeff Biggers | Posted 05.25.2011 | Green
Jeff Biggers

Racketeering: The federal Racketeer Influenced and Corrupt Organizations Act (RICO) (18 USC §§ 1961-1968) prohibits (1) acquiring, establishing, or ...

Bonus Watch

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Ordinarily, I don't care how much members of the brass make. Success is a beautiful thing, right? But with this round of Wall St. bonuses, the companies would not be standing without taxpayer-funded rescues.

The Only Way to Restore the Flow of Credit to Small Businesses

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

Big banks have constricted lending, making small banks the key to restoring the flow of credit. But their capacity to do so during a recession hinges on whether the Senate reauthorizes a key loan-guarantee program.

Move Your Borrowing Along with Your Money

Stacy Mitchell | Posted 05.25.2011 | Business
Stacy Mitchell

As we start down the path of breaking up with the big banks and defending our own economic interests and that of our communities, we should think about the whole range of financial services we use.

Citizens United Reveals the Danger of Our Right Wing Supreme Court

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Here is the dirty little secret the GOP doesn't want you to know: The four extreme right wing Supreme Court justices are as activist as any judges can get.

A Tale of Two Banks: Florence Mutual Savings and JPMorgan Chase

Christopher Whalen | Posted 05.25.2011 | Business
Christopher Whalen

JPM beat market expectations regarding Q4 earnings, but came in a little light on revenues. We believe that "revenue lite" is going to be the story for the entire banking industry in 2010.

Who Says the Bad News Is Over?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Sometimes, it takes a swift kick in the can to wake us up to reality. That may have occurred last Friday when the Dow got hammered for close to a 101-point loss.

Goldman Sachs does God's Will while 49 Million go Hungry

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The Department of Agriculture reports that 49 million Americans don't have enough food. That's up 13 million over the last year and is highest number ever recorded since the survey began 14 years ago.

Barney Frank Disagrees With Obama On Fund, May Face Fight With Some Firms

bloomberg.com | Alison Vekshin | Posted 05.25.2011 | Politics

Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...

Showdown in Chicago: Creating a "Which Side Are You On" Moment

George Goehl | Posted 05.25.2011 | Business
George Goehl

Until our elected officials know there is a price to pay for siding with big money over everyday people, the average American will continue be on the losing end.

Are You Making the Most of the First Six Months?

Jon Younger | Posted 05.25.2011 | Business
Jon Younger

How do you make the most of the opportunity to bind new employees to the organization through the ways you induct, orient and initially support an employee's cultural integration?

Why Growing Income Inequality Is Bad for America

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The CEO of the average company in the S&P Index makes $10.5 million. That means that on the first workday of the year, he (sometimes she) has made more than the minimum wage workers in his company will make all year.

Stop Socialism for the Rich: Nationalize Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We should give strong consideration to nationalizing the largest banks in order to run them like public utilities. We also should consider placing banking employees into the civil service system to end the ridiculous wage distortions.

Bomb Appalachia (and Face the Music)

Michael Gould-Wartofsky | Posted 05.25.2011 | Green
Michael Gould-Wartofsky

Theirs is a coast-to-coast campaign to save Appalachia's mountains and streams -- and Appalachians' homes, jobs, and culture -- from the devastating coal mining practice known as mountaintop removal.

Why Billionaires Should Pay for the Jobless Recovery

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For the past 30 years we have minted billionaires, and we have created the most unequal distribution of wealth since 1928-29. This didn't happen by accident.

Government Aid Fueled Surge On Wall Street

New York Times | GRAHAM BOWLEY | Posted 05.25.2011 | Business

It may come as a surprise that one of the most powerful forces driving the resurgence on Wall Street is not the banks but Washington. Many of the step...

Bank Of America Won't Hike Card Rates

Washington Post | Nancy Trejos | Posted 05.25.2011 | Business

Bank of America said it will not raise credit card interest rates before February, when a law restricting industry practices takes effect, unless a ca...

Shadow-Boxing With the CEOs: Day One at the Financial Crisis Inquiry Hearings

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The heads of Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Bank of America came to testify and said... just about nothing. Yes, they made mistakes. But gee, they had learned a great deal and they certainly didn't cause the crash.

The Year of the Man-Child

Catie Lazarus | Posted 05.25.2011 | Comedy
Catie Lazarus

What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.

Of Billionaires, Bailouts and Bonuses

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.

Drew Peterson Sues JP Morgan Chase To Restore Credit Line

Chicago Sun-Times | KARA SPAK | Posted 05.25.2011 | Chicago

Drew Peterson, accused of killing his third wife, sued JP Morgan Chase in federal court late Monday, accusing the bank of illegally cutting off a siza...

Obama's Pay Cuts Let Big Boys off the Hook

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Unfortunately, the administration doesn't have the moxie to go after the most outrageous salaries and bonuses that are about to flow.