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Jp Morgan Chase

Dave Jamieson

Janitor Confronts JPMorgan Chief At Hill Hearing (VIDEO) | Dave Jamieson | Posted 06.19.2012 | Politics

WASHINGTON -- A janitor from Texas confronted JPMorgan Chase CEO Jamie Dimon after a congressional hearing on Tuesday, asking the finance executive wh...

Jamie Dimon: JPMorgan Not Going Down Without An Apocalypse

The Huffington Post | Mark Gongloff | Posted 06.19.2012 | Business

Once again, untold thousands of your taxpayer dollars were spent on Tuesday on another hearing involving lawmakers, many with JPMorgan Chase campaign ...

JPMorgan Chase Gets $14 Billion Per Year In Government Subsidy: Study

The Huffington Post | Mark Gongloff | Posted 06.19.2012 | Business

At least some of the billions of dollars that JPMorgan Chase lost gambling on credit derivatives once belonged to you. Last week, Senator Jeff Merk...

Fine Print Gets A Makeover

Reuters | Posted 08.18.2012 | Money

By Mitch Lipka June 18 (Reuters) - Comparison shopping for a bank or credit union checking account often ends up turni...

WATCH: Stewart Blasts Senate For Coddling Bank CEO

Posted 08.15.2012 | Comedy

JP Morgan Chase CEO Jamie Dimon has had to appear before the Senate Banking Committee this week after his company lost somewhere between $3 billion an...

The Cozy Connections Between JP Morgan And The Senate Banking Committee

ProPublica | Cora Currier | Posted 06.14.2012 | Business

Through campaign contributions and well-connected staff, JP Morgan appears to have already taken its own accounting of the Banking committee. Here’s...

Who Do A Stock Market Trader And Poker Pro Have In Common?

The Huffington Post | Khadeeja Safdar | Posted 06.13.2012 | Business

What do a stock market trader and poker professional have in common? Enough for the former to become the latter. That's what ex-derivatives trade...

Mark Gongloff

Jamie Dimon Avoids Hard Questions At Hearing | Mark Gongloff | Posted 06.13.2012 | Business

There were lots of remarkable questions during Jamie Dimon's Senate Banking Committee hearing -- remarkable mainly for how easy people were on the hea...

Ryan Grim

Elizabeth Warren Reveals What She'd Ask Jamie Dimon | Ryan Grim | Posted 06.13.2012 | Politics

WASHINGTON -- Jamie Dimon, beyond his extraordinary wealth, doesn't have much to be happy about lately. But he can take solace in at least one lucky b...

Mark Gongloff

Wall Street Couldn't Care Less About JPMorgan's Loss | Mark Gongloff | Posted 06.11.2012 | Business

It's official: Absolutely nobody on Wall Street cares about JPMorgan Chase losing $30 billion. That is the clear message of an exhaustively reporte...

1,000 Residents To Get Mortgage Assistance

Manassas, VA Patch | Posted 06.04.2012 | Religion

Bank of America and JP Morgan Chase executives announced Sunday night that almost 1,000 Prince William County, Manassas and Manassas Park homeowners w...

Here's How Much Closing A Bank Account Will Cost You

AP | PALLAVI GOGOI | Posted 07.30.2012 | Money

Want to close your bank account? It could cost you as much as $55. In a survey of the practices of the 10 largest banks in the country – includ...

The Final Straw: Break Up the Banks

David Fagin | Posted 05.30.2012 | Politics
David Fagin

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?

Fed Official Essentially Calls For Dimon To Leave New York Fed

The Huffington Post | Mark Gongloff | Posted 05.24.2012 | Business

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...

Jason Linkins

GOP Senator Mocks Regulators He Sandbagged For JPMorgan Losses | Jason Linkins | Posted 05.24.2012 | Politics

Sen. Richard Shelby (R-Ala.) is shocked -- SHOCKED! -- that gambling is going on at JPMorgan, and that this gambling led to a multibillion-dollar loss...

Which Wall Street Party Do You Want to Vote For?

Joseph A. Palermo | Posted 07.24.2012 | Politics
Joseph A. Palermo

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.

Some Institutions Are Too Big to Succeed

Harlan Green | Posted 07.24.2012 | Business
Harlan Green

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.

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

Robert Reich | Posted 07.22.2012 | Politics
Robert Reich

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.

D.M. Levine

"Outgunned" | D.M. Levine | Posted 05.22.2012 | Business

Two of the most important financial regulators in the country have a message for Congress: We need more money. At a hearing before the Senate Bank...

Why Is Romney So Casual About the JPMorgan Chase $3 Billion Loss?

Marvin Meadors | Posted 07.21.2012 | Politics
Marvin Meadors

Why place our bets on Romney when his election may open the door to a return of the days of excessive risk taking and taxpayer funded bailouts? Why spin the wheel again arguing that this time Wall Street will bet correctly?

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

Mark Gongloff | Posted 07.21.2012 | Business
Mark Gongloff

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

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

Simon Johnson | Posted 07.21.2012 | Business
Simon Johnson

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.

Activists Visit Geithner's Home to Ask "Which Side Are You On?"

Peter Dreier | Posted 07.20.2012 | Politics
Peter Dreier

The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.

70 Trillion Reasons JP Morgan Is Too Big

Ron Galloway | Posted 07.18.2012 | Business
Ron Galloway

According to the Office Of The Comptroller of the Currency (OCC) the value of the derivatives on the books at J.P Morgan is $70 trillion. That's nearly 5 times the size of our economy. That's more than the entire world economy. At one bank.

Geithner to Dimon: Resign From the Board of the New York Fed

Simon Johnson | Posted 07.17.2012 | Business
Simon Johnson

In the diplomatic language of Treasury communications, Mr. Geithner has just told Jamie Dimon to resign from the New York Fed board. It looks bad -- and it is bad -- to have him on the board of this key part of the Federal Reserve System at a time when his bank is under investigation with regard to its large trading losses and the apparent failure of its risk management system. If Mr. Dimon resigns, that is a major humiliation and recognition -- at the highest levels of government -- that even the country's best connected banker has overstepped his limits. If, as seems more likely, Mr. Dimon stays in place, that would be a great victory for the big banks -- and a reminder of who is really in charge of the country.