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Jp Morgan

Sam Stein

Top Bailout Recipients Spent $71 Million On Lobbying In Year Since Bailout

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Business

With Reporting By Julian Hattem Twenty-five top recipients of government bailout funds spent more than $71 million on lobbying in the year since they...

Enough Dow 10,000! These Numbers Actually Count

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

by way of putting the five-figure Dow in perspective let note some other numbers that were released since the Dow hit the 10k mark and that matter a lot more to you and your future.

$100 Million US Aid to Haiti: $3.3 Billion Quarterly Profit for JP Morgan

John Eskow | Posted 05.25.2011 | World
John Eskow

It was extremely strange to hear President Obama specify $100 million as America's pledge to the suffering people of Haiti. My first thought was: $100 million is roughly one-quarter of the budget for Avatar.

GeithnerGate: Follow the Money...and Take it Back

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

By all means, let's fire Geithner, and Summers too while we're at it. But if we really want to see some semblance of justice, we should slap a 90 percent windfall profits tax on all Wall Street firms

Derivatives Regulation law may squeeze J.P. Morgan :Study

Crain's New York Business | Aaron Elstein | Posted 05.25.2011 | Business

The research firm estimated that J.P. Morgan Chase & Co. could see annual revenues from its industry-leading derivatives business reduced by $3 billio...

Bank Loans

bloomberg.com | Rich Miller | Posted 05.25.2011 | Business

While financial institutions including Citigroup Inc. and Bank of America Corp. have received more than $200 billion in capital from the government, t...

Breaking Up the Big Banks, and Why Congress Won't Do It

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.

The Art of the Exit

Anthony Tjan | Posted 05.25.2011 | Business
Anthony Tjan

The trickiest part of the investment cycle is often the last part: knowing the right time to let go and sell.

Bankers, Take a Lesson From Mark McGwire

Norb Vonnegut | Posted 05.25.2011 | Business
Norb Vonnegut

Wall Street's public relations are a train wreck. I have no prior experience in corporate communications. But here's my action plan to clean up the mess:

A Government Takeover of the Government

B. Jeffrey Madoff | Posted 05.25.2011 | Politics
B. Jeffrey Madoff

As we had our holiday dinner together, my kids asked me why billions can be spent on an expanding war, bailing out the auto industry and the banks, but when it comes to health care, people are afraid of a "government takeover."

Goldman and the Smell of Guilt

Charles Gasparino | Posted 05.25.2011 | Business
Charles Gasparino

What CEO bypasses shareholders in an attempt to buy off public outrage over billion dollar bonuses if such outrage isn't justified in the first place?

Oil's Massive Price Distortion Militates the Reconvening of the 1970s Federal Oil Price Task Force

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is long past time that our government take seriously and study intensely how oil prices are determined in a world of OPEC, speculation, timid oversight and failing transparency.

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?

Wall Street bankers Offer Flimsy Excuses at FCIC Hearing

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Here's a question that the next round of bankers should be asked. Did they know they were supporting predatory and probably criminally fraudulent lending throughout America by their activities?

The Housing Crisis And Wall Street Shame (Or Lack Thereof)

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Shaming Wall Street won't work. Only political muscle and courage will. Congress and the Obama administration should give homeowners the right to go to a bankruptcy judge and have their mortgages modified.

Why It's Wrong When Wrongdoers Are Allowed to Admit No Wrongdoing

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.

Sunday Roundup

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

This week, Obama's pay czar announced he'd be slashing executive pay at seven of the biggest recipients of bailout billions. So it's no surprise that many of Wall Street's Masters of the Universe didn't turn up at the New York fundraiser President Obama spoke at -- choosing instead to attend a party thrown to toast the release of Too Big To Fail, Andrew Ross Sorkin's blow-by-blow account of the meltdown. There, enjoying cocktails and finger food, were many of the central players, including Jamie Dimon of JP Morgan and John Mack of Morgan Stanley. Which is kind of like Hannibal Lecter showing up for the opening of Silence of the Lambs. Perhaps they take comfort in Sorkin's assessment that when it comes to reforming Wall Street "the Obama administration seems to have moved on to other priorities." I need a drink.

The Case Against Geithner

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Mr. Geithner, show us the past ten years of AIG emails. A crime has been committed against the American taxpayer and right now you're standing at the door of the crime scene refusing to let anyone in.

Big Derivatives Risks Loom For Banks

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

The threat of severe derivatives losses this year is on the horizon, stemming from what one analyst sees as the inevitability of higher interest rates, which could trigger a new crisis.

Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Politics

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

A Systemic Risk Regulator and a Compensation Tsar? Larry Summers and Ben Bernanke Must Be Kidding

David Paul | Posted 05.25.2011 | Business
David Paul

With the announcement of record Wall Street bonus pools and rising credit card fees, it is time to sit back and see where we go from here.

Sorkin On What Happened After Lehman

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.

Wall Street Bonuses Set to Increase

CNNMoney.com | David Ellis | Posted 05.25.2011 | Business

Now with analysts predicting impressive third-quarter numbers from some of the nation's largest financial firms, big bonuses for top Wall Street talen...

Banking's Good, Bad And Ugly

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

So far this year, 94 banks have failed and another 500 to 1,000 may go belly up in the next two to three years. Let's take a look at our nation's banks.

The Continuing Disaster of Wall Street, One Year Later

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.