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Jamie Dimon

Obama and Holder's "Too Big to Jail" sticks it to Main Street

Don McNay | Posted 11.26.2013 | Business
Don McNay

I've been a fierce critic of Wall Street and especially the Wall Street bailouts. If you study my writing over the years, there is one bank that get...

Jamie Dimon Meeting With Eric Holder

AP | PETE YOST | Posted 11.26.2013 | Business

WASHINGTON — J.P. Morgan's chief executive is at the Justice Department to meet with Attorney General Eric Holder. The meeting is about an inve...

Zach Carter

Another Whopping JPMorgan Chase Legal Settlement Under Discussion

HuffingtonPost.com | Zach Carter | Posted 09.26.2013 | Business

WASHINGTON -- Federal and state authorities are discussing an $11 billion settlement with JPMorgan Chase that would resolve numerous allegations of mo...

Congressman Cummings, 'AIG Can Crush You Like a Bug'

Janet Tavakoli | Posted 11.25.2013 | Business
Janet Tavakoli

U.S. taxpayers bailed out AIG and its counterparties. Employees earned huge partial bonuses anyway, and no one went to jail. Now, five years later, AIG's new CEO, Robert Benmosche, is acting like a big smug guy who got away with something, because AIG did.

SEC Omitted Evidence Damaging to JPMorgan's Jamie Dimon

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

It's a serious matter to demonstrate lack of good faith in statements to investors and to the public. It's particularly cavalier five years after the United States bailed out TBTF banks with hundreds of billions in cash and trillions in ongoing subsidies, guarantees, and funding.

Obama's Friends in Low Places

Robert Scheer | Posted 11.23.2013 | Politics
Robert Scheer

Why are we not surprised that Obama has done nothing to break up the too-big-to-fail banks, the biggest now being Dimon's? Don't be fooled by the occasional fines; the banks have used the interest-free money to grow ever larger and more unaccountable in their behavior.

DOJ Prepares To Sue JPMorgan

Reuters | Posted 09.23.2013 | Business

(Reuters) - The U.S. Justice Department is preparing to sue JPMorgan Chase & Co over mortgage bonds it sold in the run-up to the financial crisis, a s...

America's Ruling Class Hall of Shame

Peter Dreier | Posted 11.22.2013 | Politics
Peter Dreier

Even among the few thousand members of the power elite, there are a small number whose influence is greater than the others. Here is a list of the 20 most influential members of the power elite.

Ex-Traders Indicted In 'London Whale' Scandal

Reuters | Jonathan Stempel | Posted 09.17.2013 | Business

NEW YORK (Reuters) - A U.S. grand jury has indicted two former JPMorgan Chase & Co traders at the center of the bank's "London Whale" scandal, court ...

Jamie Dimon Just Lost Some Of His Power

Reuters | David Henry | Posted 11.09.2013 | Business

(Reuters) - JPMorgan Chase & Co's board, under fire for the bank's trading losses and myriad government probes, said on Monday that it was adding two...

JPMorgan Builds Cash Pile As Legal Troubles Mount

Reuters | Posted 09.09.2013 | Business

(Reuters) - The chief financial officer of JPMorgan Chase & Co said on Monday that the company will build its litigation reserves in the third quarte...

JPMorgan May Pay Minnow-Sized Settlement For Whale Loss

Reuters | Posted 10.28.2013 | Business

By Emily Flitter NEW YORK, Aug 28 (Reuters) - JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, ...

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars

HuffingtonPost.com | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Why Jamie Dimon Should Resign as CEO of JPMorgan Chase

Sanjay Sanghoee | Posted 10.22.2013 | Business
Sanjay Sanghoee

There are simply too many questions about the ethics of this bank and its CEO to be ignored anymore. At the very least, a major house cleaning should be on the agenda to move forward.

Bankers' Games: Manipulation and 'Litigation'

Janet Tavakoli | Posted 02.24.2014 | Business
Janet Tavakoli

By the time Congress holds a hearing to wag a finger in an executive's face (right after lauding him), by the time a fringe-dwelling show-trial is launched by the SEC and DOJ, by the time a junior scapegoat is indicted, the damage to investment portfolios will be fully realized. The lesson here is that you are on your own.

Feds Open Bribery Investigation

Reuters | Posted 08.18.2013 | Business

(Reuters) - U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help i...

Banker Lies and Misrepresentation -- The Present and Lessons From the Past

Raymond J. Learsy | Posted 10.14.2013 | Business
Raymond J. Learsy

Given the excesses of today's banking institutions, Wall Street and the crony capitalism that is swallowing American initiative and the American dream, the following is a clarion call to our governing class to take heed and to answer the call.

False Arrest: Does the Revolving Door Make Wall Street Reform Impossible?

Sanjay Sanghoee | Posted 10.13.2013 | Business
Sanjay Sanghoee

Where these people will go after government is hard to predict, but the odds are pretty high that they will return to their corporate, and highly profitable, roots.

Shahien Nasiripour

JPMorgan: We're Being Investigated By The DOJ

HuffingtonPost.com | Shahien Nasiripour | Posted 08.08.2013 | Business

JPMorgan Chase said Wednesday it's under federal criminal investigation over its sale of mortgage securities, potentially making the biggest U.S. bank...

Commodities Are Different (in a "Full World"): Part 3

John Fullerton | Posted 09.29.2013 | Business
John Fullerton

Commodity market manipulation is fundamentally different and far more dangerous than the garden-variety manipulation of financial markets such as in single stock pump and dump schemes, or even the brazen manipulation of LIBOR. Nobody eats LIBOR.

JPMorgan Exits Physical Commodity Trading

Raymond J. Learsy | Posted 09.28.2013 | Business
Raymond J. Learsy

Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would quit trading in physical commodities.

Shahien Nasiripour

Big Bank To Quit Physical Commodities Business As Probes Sizzle

HuffingtonPost.com | Shahien Nasiripour | Posted 07.27.2013 | Politics

JPMorgan Chase, the largest U.S. bank, said Friday it may sell its prized physical commodities business, just three years after it aggressively expand...

What's Next for Jamie Dimon?

Charles Gasparino | Posted 09.23.2013 | Business
Charles Gasparino

Could things get any worse for JP Morgan? Jamie Dimon thinks so. The chief executive of the nation's largest bank is bracing for as much as a year of regulatory headaches.

Goldman Sachs, JP Morgan Chase: Pulling an Enron With Commodities

Joseph A. Palermo | Posted 09.20.2013 | Business
Joseph A. Palermo

Goldman Sachs is doing to aluminum exactly what Enron did to energy in the late 1990s and early 2000s: create phony bottlenecks to restrict supply to rip off consumers and skew markets in their favor for things society vitally needs.

JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

Raymond J. Learsy | Posted 09.16.2013 | Business
Raymond J. Learsy

What, pray tell, is a bank doing in the oil, gas, power and electricity business? Is that why we have a Federal Reserve -- to fund their gambling addiction? Should the bank fail because of its gambling excess, we would be left holding the bill and mopping up the mess of Too Big to Fail.