Jamie Dimon Told Regulators He Would Not Follow Regulations

By: Monday March 18, 2013 8:30 am

When dealing with regulators from the Office of the Comptroller of Currency (OCC) JP Morgan Chase CEO Jamie Dimon reportedly started screaming and told regulators he did not believe they should have the documents they were required to have under the law.

 

Jamie Dimon “That’s Why I’m Richer Than You”

By: Thursday February 28, 2013 10:30 am

Oh how much class the ruling class have. On a conference call with investors and analysts JP Morgan CEO Jamie Dimon displayed the kind of wit and grace one could only expect from the truly refined – not only agreeing to answer a mere peasant’s question but offering illumination into his heavenly projection into the boundless stratosphere of plutocracy.

Late Night: Booby Prizes

By: Thursday January 24, 2013 8:00 pm

I’ve often wondered what on earth it is that drives people to become Republicans.  Is it personal wealth and privilege?  Sometimes, undoubtedly.  Deep-seated bigotry?  That tends to play a role as well.  Stupidity?  Yes, but that only applies to voters, not the politicians themselves.

The likeliest answer, however, isn’t grounded in such subjective, and ultimately unknowable, value systems. 

Late Night: Crappy New Year

By: Thursday December 27, 2012 8:00 pm

In any normal country, there would be no particular reason to expect 2013 to be an awful year. The right-wing Presidential candidate, who preached austerity, family values, and military adventurism, was soundly defeated by the center-left candidate, who favored, well, austerity-lite, personal freedom, and a fiscally convenient “peace dividend.” Overconfident and overfunded Republicans were similarly trounced in the House and Senate, losing seats in both despite stunning structural advantages.

It seemed that the Right’s perennial hobby horses, from favoring the wealthiest above all others and demonizing minorities of every type, to demanding that every non-military expenditure be slashed to the bone, had clearly been sent to the glue factory by the electorate. Alas, things are never what they seem in Washington.

Musical Chairs

By: Thursday November 29, 2012 8:00 pm

If I were a Republican at this particular moment, I’d have but one wish: Better grifters, please.

JPMorgan Chase Still Trying to Blame Individuals For Fail Whale-Related Fraud

By: Thursday November 1, 2012 5:58 am

JPMorgan Chase has sued the former manager of Bruno Iskil, the “London Whale” who executed the “Fail Whale trades” that cost the company as much as $7 billion. Javier Martin-Artajo was the direct supervisor to Iskil in the Chief Investment Office in London.

Andrew Ross Sorkin Sheds Tears for Socially Minded Wall Street Chieftains

By: Tuesday October 16, 2012 7:20 am

Andrew Ross Sorkin uses his column today to highlight to troubles of those suffering the most from the downturn: the CEOs of major banks who bought up failing competitors in the midst of the financial crisis. Jamie Dimon, J.P. Morgan’s CEO, get center stage for having to deal with Bear Stearns’ legal liabilities, but Sorkin also has some tears for Wells Fargo, which bought up Wachovia, and Bank of America, which took over Merrill Lynch.

Housing Has “Turned the Corner” – For Banks

By: Friday October 12, 2012 8:10 am

JPMorgan Chase, feeling little ill effects from the federal attempts at investigation of their business practices, announced a major earnings jump of 34%. Part of this comes from the fact that the previous earnings report included most of the losses from the Fail Whale trades (which have increased to $6.25 billion, as per this earnings report), so this comes off a low bottom. But in the earnings call, CEO Jamie Dimon attributed the strength to increased consumer lending, and he added that the housing market has “turned the corner.”

Late Night: Oh Noes! Wall Street Might Not Get Their Bonuses!

By: Tuesday October 9, 2012 8:00 pm

What I find most ironic about these CEO deficit hawks complaining about the “uncertainty” that is hurting the economy is that they are the ones responsible for helping to create said uncertainty to begin with.

Romney’s Bain-Based Solution to Greece

By: Monday September 17, 2012 4:16 pm

I’ve been surprised by Mitt Romney’s forays into foreign affairs. Thus far, he’s done little but parrot tired GOP talking points, that have been used by candidates and pundits for ages. What’s missing is Romney’s personal touch. What’s missing is a foreign policy that draws on his strengths and builds on his own experiences of the world. Imagine the foreign policy approach that the founder of Bain Capital would bring to a situation like Greece…

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