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Volcker Rule

Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 07.14.2012 | Business
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

The Bailout That Never Was

Dave Pederson | Posted 07.14.2012 | Politics
Dave Pederson

The bailouts only helped the banks, buried Americans further in debt they will never payoff, and froze economic growth.

A Dimon in the Rough

D. Sidney Potter | Posted 05.14.2012 | Business
D. Sidney Potter

Like a fat kid and chocolate cake, some things are just inseparable. And CEO Jaime Dimon of JPMorgan Chase has proven that parable with his near insatiable appetite in saying the wrong thing at the wrong time.

D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012 | Business

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

Paul Krugman: This Is Why We Regulate Wall Street

The New York Times | Paul Krugman | Posted 05.14.2012 | Business

One of the characters in the classic 1939 film ā€œStagecoachā€ is a banker named Gatewood who lectures his captive audience on the evils of big gover...

3 JPMorgan Execs Expected To Resign Following $2 Billion Loss: Report

AP | Posted 07.13.2012 | Business

The Associated Press NEW YORK (AP) -- Three high-ranking executives at JPMorgan Chase are expected to leave their jobs this week after a trading bl...

Zach Carter

Barney Frank Lays Into House Republican On Jobs, Wall Street Reform

HuffingtonPost.com | Zach Carter | Posted 05.13.2012 | Politics

WASHINGTON -- Rep. Barney Frank (D-Mass.) lit into Rep. Marsha Blackburn (R-Tenn.) on Sunday, when both appeared on ABC's "This Week." The show sta...

Jamie Dimon's SNAFU: JPMorgan's Other Derivatives' Losses

Janet Tavakoli | Posted 07.12.2012 | Business
Janet Tavakoli

The United States is trying to pull out of the greatest financial tailspins in its history. Dice-rolling braggadacio by a key officer at one of the nation's largest banks is exactly the kind of thing Congress, taxpayers and voters should find scary.

JPMorgan Chase CEO: I Have No Idea Whether We Broke The Law

AP | Posted 05.11.2012 | Business

NEW YORK -- JPMorgan Chase CEO Jamie Dimon says he does not know whether the bank broke any laws in the surprise $2 billion loss by one of its trading...

D.M. Levine

On Wall Street, Nothing Has Changed

HuffingtonPost.com | D.M. Levine | Posted 05.11.2012 | Business

If you thought Wall Street had learned its lesson four years after the global financial crisis, JPMorgan Chase's $2 billion trading debacle suggests y...

Mark Gongloff

3 Ways Dodd-Frank Could Have Saved JPMorgan $2 Billion

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012 | Business

Somebody throw some water on the irony meter because it's burning up: JPMorgan could have been spared the embarrassment and pain of its $2 billion tra...

SEC Head: 'All The Regulators Focused On' JPMorgan Loss

AP | MARCY GORDON | Posted 05.11.2012 | Business

WASHINGTON -- The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase. ...

Why Jamie Dimon Has Egg On His Face

Posted 05.10.2012 | Business

Oh, the irony. After roundly criticizing regulations aimed at preventing banks from taking huge and unsustainable risks with their own money, Jamie...

Mark Gongloff

JPMorgan Chase Admits Big Losses On 'Egregious' Credit Trades

HuffingtonPost.com | Mark Gongloff | Posted 05.11.2012 | Business

JPMorgan Chase has suffered big, unexpected losses at a closely watched trading desk, providing fodder to supporters of a new financial regulation the...

Paul Ryan: Paul Ryan Is Totally Wrong About Bank Reform

The Huffington Post | Mark Gongloff | Posted 05.10.2012 | Business

Who is that handsome socialist from Wisconsin, and what has he done with Rep. Paul Ryan? A Bloomberg View piece on Wednesday in support of the Volc...

The Banks Have Two Years To Get Ready For The Volcker Rule

Reuters | Posted 06.19.2012 | Business

* Fed clarifies 2-year compliance period for Volcker rule * Fed has said may miss July deadline to finalize rule * Delay...

Ex-Wall Street Banker: Volcker Rule Will Correct A Dangerous Mistake

The Huffington Post | Alexander Eichler | Posted 04.18.2012 | Business

Apparently not every banker hates the Volcker rule. Roger Vasey, who used to be in charge of global debt markets at Merrill Lynch, penned a pro-Vol...

Paul Volcker on the Volcker Rule

Bill Moyers | Posted 06.10.2012 | Business
Bill Moyers

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The Best Congress the Banks' Money Can Buy

Bill Moyers | Posted 06.09.2012 | Politics
Bill Moyers

After months of haggling and debate, Congress finally passes reform legislation to fix a serious rupture in the body politic, and the president signs it into law. But the fight's just begun, because the special interests immediately set out to win back what they lost when the reform became law.

The Wild, Off the Mark Arguments Against the Volcker Rule

Sen. Jeff Merkley | Posted 06.03.2012 | Business
Sen. Jeff Merkley

Big banks are formulating a host of arguments -- wild, off the mark arguments -- aimed at dismantling the Volcker Rule firewall between loan-making, customer-serving banks and high-risk hedge funds.

Volcker Rule Would Cause Irreparable Damage to the Muppets -- and Much More Broadly

Simon Johnson | Posted 06.01.2012 | Business
Simon Johnson

If the Volcker Rule is implemented as planned, that would have a major negative effect on the bond yields paid by the Muppets and other leading providers of children's entertainment. No one else will ever trade these bonds to any significant degree.

Goldman & Friends

Mitch Feierstein | Posted 05.29.2012 | Business
Mitch Feierstein

Greg Smith's recent wail of resignation made it clear that Goldman Sachs has long lost touch with these simple truths. The thing is, though, you don't have to be a client of Goldman's to lose out, you just have to be, well, a human.

The Volcker Rule's 'Unintended Consequences'

Reuters | Posted 05.27.2012 | Business

* Study says exemption for market making should be broadened * Says gasoline and power costs could rise without changes ...

Here's Another Financial Regulation Under Assault

Mark Gongloff | Posted 05.27.2012 | Business
Mark Gongloff

Amnesia is bipartisan. The one thing, apparently, that can get Democrats and Republicans working together is a desire to wreck protections for the economy and investors that were put in place not long ago.

It Pays To Oppose The Volcker Rule

The Huffington Post | Alexander Eichler | Posted 03.27.2012 | Business

Why haven't more lawmakers insisted on strict financial regulation? Maybe because that's not where the money is. Members of Congress who have calle...