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Jamie Dimon

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."

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.

Plop Goes the Weasel!

Michael Sigman | Posted 07.22.2012 | Comedy
Michael Sigman

The ability to snatch the spotlight when good things happen and vanish the moment they go south is the domain of the credit weasel. Shamelessness is fundamental to superior credit weaseling. It's also a sine qua non for Mitt Romney's presidential campaign.

Debate Over New Rules Heats Up In Wake Of JPMorgan Loss

AP | MARCY GORDON | Posted 07.21.2012 | Business

WASHINGTON (AP) — Federal regulators and lawmakers are renewing the focus on financial regulation in the wake of a multibillion-dollar trading loss ...

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. ...

Luke Johnson

Protesters March To Geithner's House

HuffingtonPost.com | Luke Johnson | Posted 05.21.2012 | Politics

WASHINGTON -- Protesters marched on Sunday to Treasury Secretary Timothy Geithner's home Sunday in Bethesda, Md., but got no response when they knocke...

Dimon On Trading Loss: 'It's An Embarrassment, It's A Black Mark'

AP | PALLAVI GOGOI | Posted 07.21.2012 | Business

NEW YORK (AP) — JPMorgan Chase is suspending plans to buy back its own stock, a little over a week after the bank posted a large trading loss. ...

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.

Activists Visit Geithner's Home to Ask "Which Side Are You On?"

Peter Dreier | Posted 07.20.2012 | Politics
Peter Dreier

The protesters consider Geithner the key architect of Obama's economic recovery plan and the loudest voice within the president's inner circle for taking a "hands off" approach to tougher government rules to tame Wall Street's risky practices.

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.

Big Bank Time Bomb Ticking

Ted Kaufman | Posted 05.20.2012 | Politics
Ted Kaufman

What is so abundantly clear is that the lack of transparency in derivatives trading, and the sheer complexity that is a by-product of that lack of transparency, really can make them "financial weapons of mass destruction."

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

www.nytimes.com | 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...

This Is Our Best Chance to Fix Wall Street

Sen. Jeff Merkley | Posted 07.18.2012 | Politics
Sen. Jeff Merkley

Let's be clear: There's nothing wrong with high-risk trading, but if the bets go bad, only the people who made the bets should have to pay. This sort of gambling should happen in hedge funds, not in the federally-insured banks that families and small businesses depend on.

'Maybe Partying Will Help'

The Huffington Post | Michael Hogan | Posted 05.18.2012 | Entertainment

"Spotify the News" is a new HuffPost feature designed to translate the week's big headlines into a weekend-worthy playlist featuring classic hits, unf...

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." ...

70 Trillion Reasons JP Morgan Is Too Big

Ron Galloway | Posted 07.18.2012 | Business
Ron Galloway

According to the Office Of The Comptroller of the Currency (OCC) the value of the derivatives on the books at J.P Morgan is $70 trillion. That's nearly 5 times the size of our economy. That's more than the entire world economy. At one bank.