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Jpmorgan Chase

In God We...Invest

Jeff Schweitzer | Posted 05.25.2011 | Business
Jeff Schweitzer

Wall Street is our secular religion. As with more traditional beliefs, faith trumps reason. That explains our willful blindness to the obvious scam, the fantastic story told to us by billionaire bankers.

Obama Needs to Raise the Specter of a Veto as Wall Street Neuters Financial Reform Bill

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

Obama should threaten a veto if financial reform is impotent. Certainly the nation would feel that they regained a government responsive to them, and even if no bill is passed at this time, at least they have not been held as fools.

The Wall Street Obama Is Visiting Today Is OPEC's Hand Maiden and America Pays the Price

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

Government policies should address the needed steps toward lower oil consumption, not the transfer of billions to the oil companies and their allies on Wall Street.

Arthur Delaney

Chase Urges Customers To Use Less-Secure Type Of Debit Transaction | Arthur Delaney | Posted 05.25.2011 | Business

JPMorgan Chase is telling checking account holders that when they buy stuff with a debit card, they should complete the transaction with a signature i...

What's Bad for Wall Street Is (Sometimes) Good For The Rest Of Business

BNET | Carter Dougherty | Posted 05.25.2011 | Business

As Congress approaches the moment of truth in reforming the American financial system, some folks are getting lost in the shuffle: everyone in this co...

Chase Debit Card Wants Customers To Hit 'Credit' To Raise Own Profits

American Banker Article | Sara Lepro | Posted 05.25.2011 | Business

JPMorgan Chase & Co. has taken an out-of-the-ordinary approach to encourage customers to use their signature rather than their PIN when making debit c...

JPMorgan Sends Mining Team To Afghanistan

New York Times | JAMES RISEN | Posted 05.25.2011 | Business

WASHINGTON -- Mining companies around the world are eager to exploit Afghanistan's newly discovered mineral wealth, but executives of Western firms ca...

It's Time to Cut Goldman Sachs and the Rest of Them Down to Size

Joseph A. Palermo | Posted 05.25.2011 | Business
Joseph A. Palermo

Hopefully, the SEC's pursuit of long-overdue fraud charges against Goldman Sachs is only the beginning of a process that will take the country back from these financial monopolists.

Does Dow 11,000 Mean Total Victory for Wall Street?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Now that the Dow is shooting past 11,000, Congress has the perfect excuse to pass a pathetic set of watered down financial reforms. Arguments between Democrats and Republicans are for political show. The bankers already have won.

Shahien Nasiripour

Volcker: New Government Powers Won't Be Able To Dismantle Megabanks; Too Big To Fail Lives Despite Reform Bill | Shahien Nasiripour | Posted 05.25.2011 | Business

Updated at 5:45 p.m. ET. Former Federal Reserve Chairman Paul Volcker believes the centerpiece of the administration's effort to end Too Big To Fail ...

Young Americans: In Rejecting Jamie Dimon, Syracuse Students Speak for the Nation

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

The students at Syracuse University are absolutely right: Dimon's a poor role model. We should be proud that they don't want life guidance from someone who has made a career of plundering the economy in the pursuit of non-productive wealth.

Obama Administration To Big Bank Chiefs: Stop Lobbying Against Financial Reform

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The White House is putting the full-court press on the financial industry to get it to stop resisting financial reform efforts that are making their w...

Why Homeowners Aren't Being Heard ... Or Why Congressional Hearing Fails to Listen

Richard Zombeck | Posted 05.25.2011 | Business
Richard Zombeck

In an effort to squash the administration's proposed plans for home loan modification, the banking and mortgage industry recently sent Chase Home Lending CEO, David Lowman, to Congress.

Jason Linkins

JPMorgan Executive Mobbed By Borrowers After Inviting Them To Bring Him Their Complaints | Jason Linkins | Posted 05.25.2011 | Business

David Lowman, chief executive for JPMorgan Chase's home mortgage division, may have gotten a little ahead of himself at yesterday's House Financial Se...

Naming Names: Every Bank and Business That Is a Subprime Lender

Gary Rivlin | Posted 05.25.2011 | Business
Gary Rivlin

How many of the country's largest, best-known banks and corporations took huge, deep gulps at the well of the poverty industry? Well, how much time do you have?

Goldman Sachs Clears the Air

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

Why exactly is Goldman permitted to be classified as a 'bank holding company,' enjoying all the benefits and access to government programs that such categorization entails without upholding its societal responsibility?

WaMu Failure | SEWELL CHAN | Posted 05.25.2011 | Business

WASHINGTON -- Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the we...

Shahien Nasiripour

JPMorgan Chase, Citing Sanctity Of Contracts, Argues Against Mortgage Modifications | Shahien Nasiripour | Posted 05.25.2011 | Business

With millions of homeowners losing their homes to foreclosure during this recession, megabank JPMorgan Chase plans to argue against the Obama administ...

Syracuse Students Protest JPMorgan CEO Jamie Dimon's Commencement Speech

Daily Orange | Kathleen Ronayne | Posted 05.25.2011 | Business

About 30 students gathered in Schine Student Center's Panasci Lounge on Wednesday to form a plan of action to remove JPMorgan Chase & Co. Chief Execut...

NY Fed: Big Banks Move to Mask Risk Levels | KATE KELLY, TOM MCGINTY and DAN FITZPATRICK | Posted 05.25.2011 | Business

The WSJ reports that according to new NY Fed data: "A group of 18 banks -- which includes Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase...

Arthur Delaney

Chase's Overdraft Opt-Out: Deliberately Confusing? | Arthur Delaney | Posted 05.25.2011 | Business

Credit card reform requires banks by July to get permission before providing "overdraft protection," which hits customers with fees of $30 or more to ...

Village Voice Scoop: Sexy Ex-Citibanker Debrahlee Lorenzana May Be Fired From Current Job at JPMorgan Chase

Elizabeth Dwoskin | Posted 05.25.2011 | New York
Elizabeth Dwoskin

Claiming she's tarnishing the financial industry's reputation, ex-Citibanker Debrahlee Lorenzana's current employer, JPMorgan Chase, now threatens to fire her for speaking to the press.

JPMorgan CEO Jamie Dimon Takes On Washington

Huffington Post | Grace Kiser | Posted 05.25.2011 | Business

Jamie Dimon, the CEO of JPMorgan, has decided that battling financial regulation is now one of his prime responsibilities. That, at least, is the pict...

Arthur Delaney

Chase Sued: Allegedly Told Homeowner To Stop Payments, Then Foreclosed | Arthur Delaney | Posted 05.25.2011 | Business

JPMorgan Chase told a California couple to quit making mortgage payments in order to qualify for a loan modification but then foreclosed on their Sacr...

Weekly Audit: Congress to take up financial reform, but will it be strong enough?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break...