Jamie Dimon Whines Government Has Been Unfair to JPMorgan

By: Thursday January 23, 2014 12:20 pm

Not soon after JPMorgan Chase settled yet another case involved screwing homeowners, JPMorgan CEO Jamie Dimon decided to publicly lament his “unfair” treatment by the government. Dimon said that “I think a lot of it was unfair, but I’m not going to go into details” about a recent settlement with the Justice Department over a series of crimes that span from fraud in the mortgage market to helping Bernie Madoff run one of the biggest ponzi schemes in history.


CNBC Jumps Shark, Drops Pretense And Does JPMorgan Damage Control Live

By: Monday September 30, 2013 12:02 pm

CNBC is the Fox News of financial journalism in that few consider them to be journalists. The financial press in general has a reputation for being courtiers for Wall Street in hopes of finding a job or spouse in the halls of money. But CNBC fails to even offer the patina of journalistic pretense most of the finance press displays. They are, quite clearly, hacks posing as journalists.

JPMorgan Pays Small Fine for Lying to Regulators and Manipulating Market

By: Thursday September 19, 2013 11:20 am

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?

CFTC Wants JPMorgan to Admit to Market Manipulation

By: Wednesday September 18, 2013 12:25 pm

Now the Commodities Future Trading Commission (CFTC) wants JPMorgan to admit to market manipulation after investigating the bank.

The Uniparty Fights Back Against Regulating Derivatives

By: Sunday March 24, 2013 4:01 pm

Last week, the House Agriculture Committee voted to cut regulation of derivative transactions, and to insure that derivative transactions could take place inside FDIC insured banks. Six Democrats voted for the bill according to Gaius Publius at AmericaBlog, including Ann Kuster NH-2, one of those true progressives supported by the likes of EMILY’s List. It certainly is discouraging to see the party that claims to represent the interests of everyday Americans holding hands with the banksters.

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.

Lessons From the Senate Hearing on the London Whale Trades

By: Friday March 15, 2013 3:18 pm

It’s not all fun and games to listen to these interminable Senate Hearings, but some are more fun than others. Can Carl Levin replace Preet Bharara?

Senate Investigates JPMorgan Chase’s London Whale Fail, LIVE Now

By: Friday March 15, 2013 6:28 am

This morning the Senate Homeland Permanent Subcommittee on Investigations investigates the $6.2 billion dollar trading loss JP Morgan Chase incurred when they “ignored risks, misled investors, fought with regulators and tried to work around rules as it dealt with mushrooming losses in a derivatives portfolio“.

Glorious Warrior Traders

By: Monday May 28, 2012 4:00 pm

The New York Times served up another of those paeans to the victorious financial speculators on Sunday. This one glorifies a 38-year old Boaz Weinstein of Saba Capital. He is one of the people who early on recognized that something was going on with the credit default swaps market in the City of London. The NYT wants you to know that they are the winners and you are the losers.

Fatster’s Roundup for May 13, 2012

By: Monday May 14, 2012 6:00 am

Fatster continues news roundups, with links to stories about London whale, German austerity, Spain’s Indignados, Israel, Occupy, Yglesias, Rand Paul, Scott Walker, fracking, whooping cough, surfer’s wave, Agenda 21, Agent Orange, Accretive Health, Guttmacher, Institute, and much more.

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