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
By Ben Cohen: The banking crisis in 2008 should have resulted in prison sentences for hundreds of Wall St executive and regulators responsible for decimating the global economy. Thus far, no major executive or government official has been carted of to jail - a horrifying ...read more
In a great article about the anti-capitalist nature of big banks, James Kwak sums up the different rules medium sized business and giant financial institutions are subjected to: In general, the mechanism that breaks up inefficient conglomerates is the market for corporate ...read more
From the HuffPost: At least some of the billions of dollars that JPMorgan Chase lost gambling on credit derivatives once belonged to you. Last week, Senator Jeff Merkley (D-Ore.) had the gall to spoil the Senate Banking Committee's gentle grooming of JPMorgan CEO Jamie Dimon ...read more
Matt Taibbi on the laughable questioning of J.P. Morgan Chase CEO Jamie Dimon’s at a Senate hearing last Thursday: The senators could have used the hearing as an opportunity to grill Dimon in detail about the entire history of the Chief Investment Office, the unit of Chase that ...read more
The US justice department opened an investigation into how JP Morgan lost more than $2bn in poorly managed trading at its London office as the bank's embattled boss, Jamie Dimon, saw off attempts by shareholders to strip him of his role as chairman. The justice department ...read more
By Ben Cohen: The news that JP Morgan Chase lost $2 billion this quarter due to what CEO Jamie Dimon called 'errors, sloppiness and bad judgment” should come as no surprise given the state of regulation on Wall St. While regulators are trying to ensure these 'sloppy' ...read more
JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday. The bank will accept the resignation of Ina Drew, its chief investment ...read more
Matt Taibbi on Republican Financial Services Committee Chairman Spencer Bacchus's new found populist approach to financial regulation: Spencer Bachus to positioning himself as a champion of Wall Steeet reform is, of course, hilarious. Not only was he one of the leaders of the ...read more
