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Jpmorgan Chase

Wall Street Reform: Taking a Knife to a Gunfight

Sanjay Sanghoee | Posted 07.24.2012 | Business
Sanjay Sanghoee

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.

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

Brad Miller | Posted 07.24.2012 | Politics
Brad Miller

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.

Romney's Disastrous Education Agenda: Reward His Donors, Make Sure Money Dominates Politics

David Halperin | Posted 10.15.2015 | Politics
David Halperin

Romney attacks -- and pledges to undo -- two critical reforms implemented by the Obama administration: (1) reforming student loans and (2) holding for-profit colleges accountable for waste, fraud, and abuse.

JPMorgan Has A Worse Reputation Than Goldman Sachs Right Now

The Huffington Post | Harry Bradford | Posted 05.23.2012 | Business

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 ...

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

Richard (RJ) Eskow | Posted 07.22.2012 | Business
Richard (RJ) Eskow

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."

How Financial Criminalization Crashed Economy, Goes Unpunished

Charles Ferguson | Posted 07.22.2012 | Business
Charles Ferguson

It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud.

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.

JPMorgan Hires Ex-Government Enforcer To Help Probe Loss

Reuters | Posted 07.22.2012 | Business

May 22 (Reuters) - JPMorgan Chase & Co has hired former U.S. Securities and Exchange Commission enforcement chief William McLucas to assist the firm...

Financial Regulation: How to Find the Right Balance

Philip Jennings | Posted 07.21.2012 | Business
Philip Jennings

JP Morgan's multi-billion punt is the latest evidence that the financial sector remains a minefield five years on from the initial crisis. Despite the efforts of regulators there is a vacuum at the heart of financial global governance.

Citizen Bane

David Crisanti | Posted 05.21.2012 | Business
David Crisanti

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...

Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 07.21.2012 | Business
Sanjay Sanghoee

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.

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. ...

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

Raymond J. Learsy | Posted 05.21.2012 | Business
Raymond J. Learsy

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.

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.

Pay No Attention to That Man Behind the Curtain

Phil Angelides | Posted 07.21.2012 | Business
Phil Angelides

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.

Krugman: Romney's JPMorgan Stance 'Completely Clueless'

The New York Times | Paul Krugman | Posted 05.21.2012 | Business

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

JPMorgan Chase: Break Up the Big Banks Now. Here's How.

Richard (RJ) Eskow | Posted 07.20.2012 | Business
Richard (RJ) Eskow

The JPMorgan Chase scandal -- and yes, it is a scandal -- shows us why we need to break up the big banks as quickly as possible.

Both Sides Now: Spitzer-Matalin on Chase Chastened & Bain Targeted

HuffPost Radio | Posted 05.20.2012 | Politics
HuffPost Radio

2011-11-29-20111107bothsidesnow.jpgEliot & Mary debate how a bad bet in London -- shades of AIG! -- produced "told you sos" from those wanting a strong Volcker Rule. Is Regulation still evil? Then: the two debate opening partisan attacks on Bain and Debt.

Why Are Our Political Leaders Jumping to Jamie Dimon's Defense?

David Paul | Posted 07.20.2012 | Politics
David Paul

It may be that what we are actually watching is a not very subtle food fight between our two political parties for campaign cash. Simply stated, this is not about Dimon's management skills, rather it is about his wallet.

Internal Discord And Clashing Egos Blamed In Giant JPMorgan Loss | Posted 05.19.2012 | Business

Ever since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk...

What's Going To Haunt JPMorgan

Reuters | Posted 07.18.2012 | Business

* Change in risk model hid near doubling of risk * Disclosure of change came as losses announced * Seen becoming a possi...

Don't Get Fooled Again

Taylor Lincoln | Posted 07.18.2012 | Politics
Taylor Lincoln

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

How JPMorgan Is Like Enron

Bloomberg View | Jonathan Weil | Posted 05.18.2012 | Business

Bloomberg View Put this one in the category of the famous quote often credited to Mark Twain: "History does not repeat itself, but it does rhyme." ...

Banking Sector Puts Its Money On Mitt Romney | Posted 05.18.2012 | Politics

When Jamie Dimon of JPMorgan Chase met with shareholders to answer for a trading loss of more than $2 billion Tuesday, it was against an evolving poli...

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.