Our Global Economic System is Really, Really Dumb
With the Chinese stock market going into free fall, and stocks plummeting around the world, the financial industry is panicking. When the money men start panicking, it's probably prudent for pretty much everyone else to start panicking too. As of today, the Dow Jones has ...read more
JP Morgan CEO Who Stole Billions From Taxpayers Now a Billionaire
Jamie Dimon, President and CEO of JPMorgan is now officially a billionaire after JPMorgan shares neared a record high. We know this because the media has decided it is a big story - an American tale of one man who rose to the top and reaped the rewards of his labor. Of course ...read more
9 Quotes That Prove Jamie Dimon is a Giant Dick
Macho man and JP Morgan Chase Chairman, President and CEO Jamie Dimon is regarded as a titan on Wall St, and a dick by pretty much everyone else. Dimon is a balls-to-the-wall capitalist and unapologetic advocate of the system that makes people like him rich, and brought the ...read more
Are Independent Banks the Key to Prosperity? Not Likely.
by Ben Cohen Megan McArdle (whose blog I've recently become a fan of) has the following to say on central Bank independence: In a democracy, there will be a strong tendency for monetary policy to favor debtors, because there generally more debtors than creditors. This is ...read more