After lying to regulators, manipulating the market, and putting out fraudulent documents JPMorgan will pay a relatively small fine and move on. Because when the powerful repeatedly break the law the consequences are never very severe. If we stopped these Wall Street banksters from making criminal profits they might stop making criminal profits – then where would our economy be?
|By: DSWright Thursday September 19, 2013 11:20 am|
|By: masaccio Wednesday May 22, 2013 2:00 pm|
Institutional investors manage your retirement money. They just love sleazy bankers who deliver to the bottom line.
|By: masaccio Monday May 20, 2013 4:16 pm|
On May 21, shareholders of JPMorgan Chase will have the opportunity to express their views of the Chairman/CEO of the mega-bank, and PR people have been filling the inboxes of every possible media outlet. They even got to the New York Post which ran an Op-Ed by Charlie Gasparino on Dimon’s bad feeling about splitting the roles of Chairman of the Board and Chief Operating Office.
|By: DSWright 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.
|By: DSWright 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.
|By: cocktailhag 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.
|By: cocktailhag 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.
|By: cocktailhag 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.
|By: David Dayen 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.
|By: Dean Baker 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.