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Jp Morgan Chase

Who Says the Bad News Is Over?

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Sometimes, it takes a swift kick in the can to wake us up to reality. That may have occurred last Friday when the Dow got hammered for close to a 101-point loss.

Shadow-Boxing With the CEOs: Day One at the Financial Crisis Inquiry Hearings

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The heads of Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Bank of America came to testify and said... just about nothing. Yes, they made mistakes. But gee, they had learned a great deal and they certainly didn't cause the crash.

The Year of the Man-Child

Catie Lazarus | Posted 05.25.2011 | Comedy
Catie Lazarus

What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.

Of Billionaires, Bailouts and Bonuses

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Let's weigh the pros and cons of the record bonuses going to Goldman Sachs, JP Morgan Chase and Morgan Stanley (and many others) during the worst economic crash since 1929.

Drew Peterson Sues JP Morgan Chase To Restore Credit Line

Chicago Sun-Times | KARA SPAK | Posted 05.25.2011 | Chicago

Drew Peterson, accused of killing his third wife, sued JP Morgan Chase in federal court late Monday, accusing the bank of illegally cutting off a siza...

Obama's Pay Cuts Let Big Boys off the Hook

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Unfortunately, the administration doesn't have the moxie to go after the most outrageous salaries and bonuses that are about to flow.

GOP Uses ACORN To Fight Bank Redlining Law

AP | SHARON THEIMER and PETE YOST | Posted 05.25.2011 | Politics

WASHINGTON — Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter r...

Rewarding Failure: The Bail-Out Bonuses on Wall Street Continue

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

If world-class, reckless risk-taking continues to receive massive economic rewards, then we are headed to another financial collapse in two years -- or five years; or fifteen years.

Citigroup's Warrants Provide Low Returns For US Taxpayers

bloomberg.com | Posted 05.25.2011 | Business

Warrants the U.S. holds in Citigroup Inc., once the most valuable bank in the nation, may provide the lowest return for taxpayers who stepped in with ...

Facebook, JP Morgan Chase To Give $5 Million Dollars To Charity Through Internet Promotion

Posted 05.25.2011 | Impact

Facebook's user base now totals over 300 million people. The social media network thus has the potential to reach more people in a single month than l...

To Create Jobs on Main Street, We Need to Kill Jobs on Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The Billionaire Bailout Society is not a shared society. We're not in it together. What's good for Wall Street is not good for the rest of us...they even get their swine flu shots before we do.

Wall Street and Their Seductive Loan Promotions Tricked Many on Main Street

Rep. John Conyers | Posted 05.25.2011 | Politics
Rep. John Conyers

It is mind-boggling to believe that with such a vast operation, banking giants like JP Morgan Chase were not the least bit aware of the wrongful subprime lending practices being undertaken.

OMG! Greenspan Goes Populist?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

For Alan Greenspan, the apostle of free markets, to admit that financial free markets are not self-correcting is an enormous concession.

Why Growing Income Inequality Is Bad for America

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

The CEO of the average company in the S&P Index makes $10.5 million. That means that on the first workday of the year, he (sometimes she) has made more than the minimum wage workers in his company will make all year.

Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

FCIC Set To Question Bank CEOs About Financial Meltdown

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Two blocks from the Treasury, where the government not long ago scrambled to save a collapsing financial system, a team of investig...

1 Out Of 4 Borrowers In Anti-Foreclosure Program Are Late Paying New Mortgage Bill

Washington Post | Renae Merle | Posted 05.25.2011 | Business

So far, more than 650,000 borrowers have been enrolled into the initial, or "trial," phase of the program and have seen their payments lowered by an a...

Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Politics

Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

Arianna Discusses Public's Bailout Anger On BBC's Newsnight

Huff TV | Posted 05.25.2011 | Home
Huff TV

Arianna recently appeared on BBC's Newsnight to discuss the economic crisis, the lack of reform, and the effects of the bailout on American society an...

Dodd's Bill Protects Customers From Abusive Overdraft Fees

Mary Ann West | Posted 05.25.2011 | Business
Mary Ann West

Ninety percent of bank overdraft fees happen to only ten percent of checking account holders, comprising those people who are also the most vulnerable.

Why Our Jobs Crisis From Hell Could Last Decades

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Remarkably, the America of 2010 is exporting raw materials and importing high tech renewable energy products. And this is happening less than 100 miles from Redmond, the home of Microsoft.

Haiti Credit Card and Bank Donations: Companies Must Use Their Consciences

Rep. Betsy Markey | Posted 05.25.2011 | Denver
Rep. Betsy Markey

We await word from Citigroup, JP Morgan Chase, Wells Fargo, and Bank of America. My hope is that they will make sure that every dollar donated to earthquake relief gets directly to the people of Haiti.

NY Post: Obama Was Nice To Bankers Despite 'Fat Cat' Remark

New York Post | Charles Gasparino | Posted 05.25.2011 | Business

In public, President Obama is on a tear against Wall Street. In private, not so much Over the weekend, Obama attacked fat-cat investment bankers, te...

Goldman Sachs does God's Will while 49 Million go Hungry

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

The Department of Agriculture reports that 49 million Americans don't have enough food. That's up 13 million over the last year and is highest number ever recorded since the survey began 14 years ago.

Barney Frank Disagrees With Obama On Fund, May Face Fight With Some Firms

bloomberg.com | Alison Vekshin | Posted 05.25.2011 | Politics

Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...