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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.

Is JPMorgan a Bank or a Government-Funded Casino?

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

There is nothing wrong with a world-class bank helping in the financing of trade. But when the bank itself becomes the principal, the next financial crisis is not far around the corner.

Oil Piracy, OPEC, Saudi Arabia, You and Me

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

For the first time ever, an unguarded Saudi oil tanker displacing 318,000 tons (the size of a small island), sailing off the Kenyan coast, was picked off by a band of pirates operating a motorized dinghy.