Learning From Facebook
It's going to take some time to suss out exactly what happened with the Facebook IPO, but step back and consider the broader implications. They are staggering.
It's going to take some time to suss out exactly what happened with the Facebook IPO, but step back and consider the broader implications. They are staggering.
Leo W. Gerard | Posted 05.21.2012
In the wake of Wall Street recklessness that caused economic collapse, Congress gave shareholders and citizens Dodd-Frank to help them constrain self-dealing corporate executives. The 99% Coalition and shareholders are working with those tools even as Republicans vow to take them away.
Phil Angelides | Posted 05.21.2012
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.
Richard (RJ) Eskow | Posted 05.21.2012
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.
Taylor Lincoln | Posted 05.18.2012
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?
Gordon Whitman | Posted 05.17.2012
When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.
AlterNet | Posted 05.16.2012
Norman and Oriane Rousseau were one more couple pushed by a huge, greedy bank to the brink of homelessness. On Sunday, desperate and with nowhere to g...
Jane White | Posted 05.16.2012
We not only need to rein the banks in but we've got to delegate the responsibility for measuring household wealth -- and hopefully come up with ways to boost it -- to an agency that's more in touch with "the 99%."
Charles Gasparino | Posted 05.17.2012
There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.
Mark A. Calabria | Posted 05.15.2012
President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should -- and does -- work.
Eric Griego | Posted 05.15.2012
In Washington, I will fight to hold Wall Street accountable.
D. Sidney Potter | Posted 05.14.2012
Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.
AP | PALLAVI GOGOI | Posted 05.15.2012
NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he fa...
The New York Times | Paul Krugman | Posted 05.14.2012
One of the characters in the classic 1939 film “Stagecoach” is a banker named Gatewood who lectures his captive audience on the evils of big gover...
HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012
Somebody throw some water on the irony meter because it's burning up: JPMorgan could have been spared the embarrassment and pain of its $2 billion tra...
Simon Johnson | Posted 05.11.2012
In the light of JP Morgan's stunning losses on derivatives, announced yesterday but with the full scope of total potential losses still not yet clear (and not yet determined), Jamie Dimon and his company do not look like any kind of appealing role model.
HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012
JPMorgan Chase has suffered big, unexpected losses at a closely watched trading desk, providing fodder to supporters of a new financial regulation the...
Micah Hauptman | Posted 05.10.2012
Preventing banks from becoming so large, complex, and interconnected that their failure would ravage the economy is the safest guarantee against a future "too big to fail"-driven financial crisis.
The Huffington Post | Mark Gongloff | Posted 05.10.2012
Who is that handsome socialist from Wisconsin, and what has he done with Rep. Paul Ryan? A Bloomberg View piece on Wednesday in support of the Volc...
Mike Lux | Posted 05.09.2012
We need to not only take back our economic fate from Wall Street, we need to cleanse our values system of their culture as well.
Mark Gongloff | Posted 05.07.2012
The man who brought you Too Big To Fail has had just about enough of everybody blaming him for big banks failing. In an interview with Fortune's Nin-...
The Huffington Post | Mark Gongloff | Posted 05.07.2012
The shareholder revolt against banker pay seems to have fizzled out. Shareholders late last week rejected the pay plan for Sterling Bancorp, a New ...
George Goehl | Posted 05.07.2012
We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.
Mark Gongloff | Posted 05.04.2012
Jamie Dimon would like you all to stop discriminating against banks now. The golden sun-god CEO of America's greatest bank, JPMorgan Chase, has becom...
Robert Weissman | Posted 05.23.2012