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Tag: Jp Morgan

Torture ‘Was the Last Straw for Me,’ CIA Rebel Ray McGovern Says

This week on Truthdig Radio in association with KPFK: Sen. Dianne Feinstein picks a fight with the CIA on spying and torture, Fukushima turns 3, how to protect yourself from private and government surveillance, and the handful of American families who have all the power.

Posted on Mar 13, 2014 READ MORE


Torture ‘Was the Last Straw for Me,’ CIA Rebel Ray McGovern Says

This week on Truthdig Radio in association with KPFK: Sen. Dianne Feinstein picks a fight with the CIA on spying and torture, Fukushima turns 3, how to protect yourself from private and government surveillance, and the handful of American families who have all the power.

Posted on Mar 13, 2014 READ MORE



Another Apparent Suicide Brings Financial World Death Toll to 6 in 2014

A 33-year-old JPMorgan employee jumped to his death from the roof of the firm’s Hong Kong headquarters Tuesday, adding to a series of untimely deaths in the banking and big business arena in recent weeks.

Posted on Feb 19, 2014 READ MORE


Free-Market Accountability

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Posted on Jan 28, 2014 READ MORE



Recuerdos de Pandora (CC BY-SA 2.0)

J.P. Morgan—The Man and the Bank

From his earliest days in high finance, J.P. Morgan was a hustler who often traded on the shady side. The bank that survives in his name inherited his pattern of committing multiple crimes and walking away scot-free. The latest? Getting shareholders to pay a banker’s $1 billion fine.

Posted on Oct 18, 2013 READ MORE



mahalie (CC BY-SA 2.0)

Winner Takes All: The Super Priority Status of Derivatives

With taxpayer bailouts no longer an option, a major derivatives crisis could transfer money currently held by state and local governments and citizens—secured and unsecured, insured and uninsured—into the hands of derivative claimants.

Posted on Apr 10, 2013 READ MORE



Randy Le'Moine Photography (CC BY-ND 2.0)

2012: Bonuses for the Bull

While profits tripled and layoffs commenced in the banking industry last year, Wall Street divided at least $20 billion in gifts made of cash and stock among its employees.

Posted on Feb 26, 2013 READ MORE



Caitlinator (CC BY 2.0)

Penn State, JPMorgan Chase, and the War on Youth

When asked if criminal charges should be brought against a number of people in the Penn State scandal, including former university President Graham Spanier, lead investigator Louis J. Freeh said that decision wasn’t up to him, confirming that justice in America works primarily for the rich and powerful and against the poor, marginalized and young.

Posted on Jul 14, 2012 READ MORE


‘Left, Right & Center’: JPMorgan’s $7 Billion Surprise

JPMorgan Chase’s losses from its hedge-managers-gone-wild in London could go as high as $7 billion. Too big to manage? And Bain becomes Mitt Romney’s bane once again.

Posted on Jul 13, 2012 READ MORE


How Big Banks Victimize Our Democracy

Yves Smith, creator and editor of the finance blog Naked Capitalism, and Matt Taibbi of Rolling Stone spoke with Bill Moyers about the continuing fallout of the economic crisis and the corruption, ignorance and collusion that guarantee the situation will not improve for most Americans.

Posted on Jun 26, 2012 READ MORE



DonkeyHotey (CC BY-SA 2.0)

Why the Senate Won’t Touch Jamie Dimon

JPMorgan Chase is the biggest campaign donor to many of the members of the Senate Banking Committee who were charged with investigating the bank’s CEO, Jamie Dimon, in mid June.

Posted on Jun 21, 2012 READ MORE


Doubling Down on Disaster

Thomas Frank, one of the country’s leading elegists of American representative democracy and a columnist for Harper’s Magazine, has spent his career chronicling the nation’s descent into plutocracy. This week he sang against the forces of free-market dominion on Bill Moyers’ television show.

Posted on Jun 19, 2012 READ MORE



longislandwins (CC BY 2.0)

JPMorgan and the Senate Banking Committee: Cozy Connections

Through campaign contributions and well-connected staff, JP Morgan has a few friends on the Senate banking committee.

Posted on Jun 16, 2012 READ MORE



deneyterrio (CC BY 2.0)

Mark Zuckerberg Just Lost $2 Billion

Mark Zuckerberg’s fortune dropped $2 billion Monday as shares of Facebook tumbled to $34.03, 11 percent below their initial public offering price of $38. The loss prompted analysts and buyers to wonder whether the company was overvalued at the $105 billion it gained on the day of its IPO.

Posted on May 21, 2012 READ MORE


Spotlight on Banks

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Posted on May 19, 2012 READ MORE



scott*eric (CC BY 2.0)

The Magnetar Fallout

The hedge fund Magnetar helped create billions of dollars’ worth of collateralized debt obligations that super-charged the financial meltdown, profited the company enormously and for which it’s seen no punishment. Here’s a roundup of the known charges, settlements, and investigations that stem from those deals.

Posted on May 18, 2012 READ MORE


JPMorgan and the $2 Billion Bet

University of Missouri-Kansas City professor, author and former financial regulator William Black explains what’s wacky about JPMorgan Chase’s version of events that led to the firm’s $2 billion loss in the derivatives market last week.

Posted on May 15, 2012 READ MORE


‘Left, Right & Center’: Gay Marriage: State or Civil Right?

President Obama says he thinks gay marriage should be legal, but isn’t looking to legislate. JPMorgan Chase, the “best of the banks,” loses a $2 billion bet and reignites the debate over bank regulation. The French election has austerity hawks worrying about a resocialized euro, and Indiana Sen. Richard Lugar’s primary loss could usher in a new era of ideological warfare.

Posted on May 12, 2012 READ MORE



swanksalot (CC BY-SA 2.0)

Fallout From JPMorgan Chase’s $2 Billion Loss

JPMorgan Chase & Co. weathered the 2008 financial crisis without reporting a loss. But a failed hedging strategy that recently cost the company $2 billion has called into question the ability of its leaders to manage risk and intensified the debate on banking reform.

Posted on May 11, 2012 READ MORE



HA! Designs - Artbyheather (CC-BY)

Banks Pay Bupkis for Roles in Crisis

Bank of America: $11.9 billion; JPMorgan: $5.44 billion; Wells Fargo: $4.35 billion. These are the fines the banks have paid so far in settlements to the government for wrongdoing amid the financial crisis.

Posted on Mar 8, 2012 READ MORE



Sasha Y. Kimel (CC-BY)

Time to Move Your Money

Saturday is the day 80,000 people have pledged to punish “too big to fail” banks by moving their money to credit unions and local community institutions. How does it work? Will banks feel the hurt? How can it be done quickly and conveniently? Josh Harkinson at Mother Jones answers these questions and more.

Posted on Nov 5, 2011 READ MORE



Flickr / ILRI

U.S. Colleges Get In on African Land Grabs

American universities are reportedly using endowment funds to buy and lease vast tracts of African farmland, often for piddling prices, in deals that will reward foreign investors handsomely while separating tens of thousands from their homes and farms and providing little or none of the economic benefits promised them, California researchers say.

Posted on Jun 9, 2011 READ MORE



Flickr / respres Some rights reserved

Banks Push to Appease Regulators With Low-Ball Damage Compensation

Investigators at the United States Trustee Program, which oversees U.S. bankruptcy cases, are collecting mountains of evidence that show that banks industrywide are hurrying huge numbers of borrowers out of their homes prematurely, based on false loan repayment claims. (more)

Posted on May 15, 2011 READ MORE


Bank of America Set to Repay TARP Debt

Bank of America has been cleared by the U.S. government to repay the $45 billion in TARP funds it received last year at the height of the banking crisis, and BofA may be preparing to do so before 2009 comes to a close. That said, it’s not a foregone conclusion that the transaction will take place this month, even though the company has some built-in motivation to quickly make good on its payback promise.

Posted on Dec 2, 2009 READ MORE


GM building
AP photo / Paul Sancya

A Toyota Takeover Could Save GM

Considering only two options for an imperiled General Motors —either bailout by the U.S. government or bankruptcy—omits an important alternative, which I see as the best option: a takeover of GM by Toyota Motor Corp.

Posted on Dec 5, 2008 READ MORE



wamu.com

Say Goodbye to WaMu

JPMorgan Chase added to its failed financial behemoth collection by gobbling up the deposits of Washington Mutual, which set a record for the biggest U.S. bank failure Thursday. According to the FDIC and Chase, bank customers have nothing to worry about.

Posted on Sep 26, 2008 READ MORE


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