JP Morgan Accused of Manipulating Energy Markets, Wrist Slap Expected

By: Tuesday July 30, 2013 12:51 pm

Too Big To Fail Megabank JP Morgan Chase is back on the government’s radar. The bank has been under investigation numerous times after taking a bailout during the 2008 financial crisis – most notably for the London Whale trade – and is now under scrutiny for its trading activities in the energy market. The accusation comes ahead of a likely legal settlement between JP Morgan and the Federal Energy Regulatory Commission.

 

Lakeside Diner

By: Tuesday May 22, 2012 4:45 am

A variety of links to articles/interviews/speeches on current issues that may be of interest.

Fatster’s News Roundup from May 20, 2012

By: Monday May 21, 2012 6:15 am

Fatster’s new roundup of link and stories on the weekend’s happenings, including Chen Guangcheng, reporter privilege, Jamie Dimon, JP Morgan Chase, John Kasich, NAACP, marriage equality, Blockupy, los indignados, Quebec student strike, whaling, actic ice methane, ALEC, Julian Assange and more . . .

These Are Only Problems for the Top 1%

By: Wednesday September 28, 2011 6:00 pm

If you read me often enough, you have probably noticed that I tend to check various news and opinion sites throughout the TradMed each morning, after I’ve spent a few minutes reviewing emails and jobs sites. Most of the time, I just shake my head at the various levels of stupidity I find, not being able to quite give it the full YOU HAVE GOT TO BE F*CKING KIDDING ME! treatment so richly deserved. Then there are days like today where teh stoopid is so truly dumbfounding.

JP Morgan Chase Nickel and Diming the Last Nickels and Dimes from the Unemployed

By: Friday May 13, 2011 3:24 pm

The National Consumer Law Center just released a report on something that’s been a pet peeve of mine for some years: states’ increasing reliance on pre-paid cards to distribute unemployment compensation, rather than checks. (h/t Susie) As the report explains, issuing funds via a card is much cheaper for the states. But what’s really happening is that unemployment recipients end up paying for the cards out of series of fees the banks issuing the cards charge (which violates the law that says administrative costs should not come out of benefits).

Corporate Fairy Tales in Afghanistan

By: Thursday May 12, 2011 3:33 pm

It’s a corporate fairy tale: working class boy joins the military, goes into banking, brings the joys of mineral exploitation to exotic locales.

Goldman’s Lies and Jamie Dimon’s Piggy Bank

By: Thursday March 31, 2011 6:30 pm

After a drawn out battle to liberate the records of the Fed’s discount window lending, they’ve finally been released.

Or Maybe Your Profit Levels and Bonuses Are Simply Obscene?

By: Saturday January 15, 2011 7:52 am

Jamie Dimon says they’re going to have to chase 5% of their customers away in response to limits Dodd-Frank put on the usurious rates banks charge merchants for each debit card transaction.

Oversight and Investigation: “Why Should They Take You Seriously?”

By: Sunday November 21, 2010 8:05 am

Yves Smith has a post laying out one of the most troublesome aspects of the response to the revelation of foreclosure fraud. As she explains, to conduct an “independent review” of its PR-servicing “review” of its own servicing practices, GMAC picked the lawfirm that has been in charge of its national counsel on servicing issues.

Foreclosure Fraud: About that AG “Investigation” and “Settlement”

By: Wednesday November 17, 2010 6:05 am

On Tuesday, Iowa’s Attorney General Tom Miller testified to the Senate Banking Committee it would be months before the combined AG “investigation” came up with a settlement. That’s almost exactly the moment when the Washington Post posted a story reporting the AGs were close to a settlement.

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