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Jamie Dimon

The New Normal in Manufacturing and Housing

Barry D. Wood | Posted 05.25.2011 | Business
Barry D. Wood

Unemployment in Pontiac, Michigan is at 30 percent. And if housing needs to lead us out of the recession, the hard times will be with us quite a while longer. Welcome to the new normal in manufacturing and housing.

Bankers New Tactic: Blame the Victim

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

By blaming homeowners, bankers are trying to harness the anger of ordinary people -- who are angered by the economic disaster that Wall Street itself created -- and give ordinary people a reason to turn on each other.

Foreclosures and Guilt: The "Home Loan Moral Hazard Scorecard"

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

The mega-bankers who derailed the economy have a new PR campaign to sell you. They're saying that families who can't pay their mortgages must bear the blame -- all the blame -- for the foreclosure crisis.

Big Banks Will Clean Up This Mess -- When We Demand It

George Goehl | Posted 05.25.2011 | Business
George Goehl

In the years since the nation's largest banks were bailed out by taxpayers they have shown very little in the way of thanks. They can begin demonstrating some gratitude by rebuilding what they broke.

A Visit To A Loan Modification Marathon

FDL News Desk | David Dayen | Posted 05.25.2011 | Business

I walked through the Los Angeles Convention Center on Saturday, past the marquee blaring the finals of the World Cyber Games, known as the Olympics of...

Why Not Elizabeth Warren For Consumer Bureau Chief?

Fortune | Katie Benner | Posted 05.25.2011 | Business

Someone like Warren is a shock to that system. She unabashedly sides with consumers. She hates fine print and contracts with "gotcha" clauses. She wan...

THE WEASEL BLINKS

Alfred Gingold | Posted 05.25.2011 | Business
Alfred Gingold

Readers of my recent posts know that my wife and I are locked in combat with our mortgage bank, which persists in creating false penalties to add to o...

A LETTER TO JAMIE DIMON

Alfred Gingold | Posted 05.25.2011 | Business
Alfred Gingold

Readers of my last Chase Home Weasel Update on Huffpo know that we are four weeks past the talk with the Tax Department's dulcet JoAnne, during which ...

PHOTOS: JP Morgan CEO Sells Mansion For HALF Of First Asking Price

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The latest victim of the dismal housing market is none other than JP Morgan CEO Jamie Dimon. The banker, reportedly a one-time favorite banker of P...

The Robespierre of the Hedge-Fund Revolution

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

As a deregulation romance novel, hedge-fund manager Daniel Loeb's "investor letter" is a bodice-ripper. It's the latest salvo in an ongoing war against real financial regulations that protect the American people.

Fed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell Congress

Bloomberg | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011 | Business

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

CHASE HOME FINANCE: RABID WEASEL

Alfred Gingold | Posted 05.25.2011 | Business
Alfred Gingold

Our mortgage bank says we have to pay our next door neighbor's water bill. Last month, we got a letter from Chase Home Finance stating that...

New Bank Rules Mean Higher Fees For Customers: Bank Chiefs

Bloomberg | Dakin Campbell | Posted 05.25.2011 | Business

Wells Fargo & Co. Chief Executive Officer John Stumpf said customers, not just the bank, will bear the financial burden for U.S. regulations that cove...

Goldman Sachs, JPMorgan CEOs NOT Invited To Signing Of Financial Reform Bill

Posted 05.25.2011 | Business

When President Obama signs legislation that's being called the most sweeping set of reforms to hit the financial industry since the 1930s, some very p...

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

JPMorgan Pulls In Massive Profits In Second Quarter

AP | STEVENSON JACOBS | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. said Thursday its second-quarter net income soared 77 percent to $4.8 billion as a slowdown in losses from faile...

Brett King: Forget more regulation, social media will force transparency

Brett King | Posted 05.25.2011 | Business
Brett King

As President Obama was gearing up last month to push further reforms for the finance sector through congress, the sector lobbyists were also gearing u...

Geithner Works To Mend Administration's Business Ties

foxbusiness.com | Charlie Gasparino | Posted 05.25.2011 | Business

Treasury Secretary Tim Geithner has launched an economic charm offensive, attempting to assure banking and corporate executives that the Obama adminis...

How Many Workers Can You Buy for the Price of One CEO?

DailyFinance | DOUGLAS MCINTYRE | Posted 05.25.2011 | Business

Not all CEOs are as generous as Apple's (AAPL) Steve Jobs. The company's founder makes a mere $1 a year, while a starting sales associate at one of hi...

Why Jamie Dimon Is Afraid Of Elizabeth Warren

TIME | Stephen Gandel | Posted 05.25.2011 | Business

There are a lot of reasons to like the idea of a consumer financial protection agency. My colleagues Barbara Kiviat and Michael Grunwald have made the...

SU Students Dish on Jamie Dimon (VIDEO)

Jett Wells | Posted 05.25.2011 | College
Jett Wells

Jamie Dimon, CEO of JP Morgan Chase, was named Syracuse University's 2010 graduation commencement speaker in March, to mixed reactions from the student body.

Shahien Nasiripour

Apple, Whirlpool Among Companies Calling For Relaxed Standards For Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Household names like Apple, Caterpillar and Whirlpool are part of a coalition of companies lobbying Congress to allow Wall Street to escape tough new ...

A Letter -- and a Challenge -- to an Anonymous Wall Street Whiner

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

An anonymous email's been making the rounds on Wall Street from some loser who thinks he's a shark. Let's get this out of the way first: The only thing worse than a spoiled, self-satisfied brat is a whiny, spoiled, self-satisfied brat.

Jamie Dimon, Business Council To Meet With Obama About Economy, Financial Reform

Posted 05.25.2011 | Business

Jamie Dimon, the CEO of JP Morgan Chase, is scheduled to dine at the White House Monday evening with President Obama, according to Bloomberg. Bloom...