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Jp Morgan Chase

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...

A Panel of Pros

Jonathan Tisch | Posted 05.25.2011 | New York
Jonathan Tisch

Where will we end up in a new regulated environment? Jonathan Tisch asks some of those closest to President Obama: Bill Daley, lawyer Marty Lipton and Penny Pritzker.

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.

Shahien Nasiripour

Jamie Dimon, Head of JPMorgan Chase: "Everyone Should Be Allowed To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the country's second-biggest bank, considered by many to be "too big to fail," said Tuesday that no firm should be immune from failure. ...

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...

Acorn Loses Bank Of America As Corporate Partner

Wall Street Journal | JAMES R. HAGERTY | Posted 05.25.2011 | Politics

Already facing the loss of federal government funding, the community-organizing group Acorn also has run afoul of one of its big corporate partners, B...

Question for the Fed and G-20: Why Are Our Banks Running Commodity Casinos?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is sheer madness, after recent history, to permit banks to become commodity traders, especially with our money. In the old days, commodity traders put their own money on the line.

Credit Card Nightmare: One Lost Check And A Lifetime of Bankruptcy

Posted 05.25.2011 | Business

This story is part of Bearing Witness 2.0. HuffPost has received hundreds of emails from people making tremendous sacrifices in order to weather ...

Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 05.25.2011 | Business

Bank of America Corp., a pioneer in banking online and through mobile phones, said Tuesday that it was considering closing up to 10% of its 6,100 offi...

Big Banks to American Public: "Screw You"

Marshall Auerback | Posted 05.25.2011 | Business
Marshall Auerback

Roosevelt Braintruster Marshall Auerback wonders why bailed-out banks are getting giddy with dangerous speculation and sky-high bonuses when the rest of us are still dealing with financial chaos.

Buyer Beware: Bankers Selling Administration on Watered-Down Financial Regulation

Louise Marie Roth | Posted 05.25.2011 | Business
Louise Marie Roth

It seems good that taxpayers aren't bankrolling the Wall Street giants anymore, but now they aren't accountable either. The only way to make them accountable is to regulate them effectively.

The Return of Gordon Gekko

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Wall Street speculation has it that some investors may have been privy to government actions involving a number of these banks at the outset of the financial crisis or to their financial results.

Small Texas Firm Makes Millions Selling Bad Assets To Wall Street

econbrowser.com | Posted 05.25.2011 | Business

There was a wonderful story in today's WSJ about how some big banks managed to lose some of their hard-earned TARP money. Let me begin with a littl...

BofA, JPMorgan, Others Raise $19 billion

Yahoo! News | Steve Eder and Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and several other banks said they have raised more than $19 billion as...

Why Hiring is Paradoxically Harder in a Downturn

Auren Hoffman | Posted 05.25.2011 | Business
Auren Hoffman

Great people are often first to leave sinking ships -- they don't feel they need to stick around for a severance because they are confident they can always get another job.

Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

Correcting Credit Abuses by Banks are a Number One National Priority

Ray Hanania | Posted 05.25.2011 | Business
Ray Hanania

What do we have when a banking tyrant like J.P. Morgan Chase decides on its own to jack up the interest rates?