(DailyBail) – Nice hire, Dimon. Is there any fraud, theft, or border-patrol murder that doesn’t have JPMorgan’s fingerprints on it? Read the rest of this entry »

(DailyBail) – ‘JPM’s $150 Billion FDIC Reality Adjustment’ – Jamie Dimon Just Admitted To The World That JPM Assets Are Overvalued On The Books By $150 Billion Read the rest of this entry »

(HuffPost) – JP Morgan Chase CEO Jamie Dimon has had to appear before the Senate Banking Committee this week after his company lost somewhere between $3 billion and $8 billion in a bad trade. Read the rest of this entry »

Why the Senate Won’t Touch Jamie Dimon

(WebofDebt) – When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal.  “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney.  “Was he . . . subtly hinting that he’s really the guy in charge?”

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(ZeroHedge) – The media reports Jamie Dimon was ‘grilled’ by the Senate today but in reality they spent most of the time kissing his ass and and here is the reason why. Read the rest of this entry »

(RussiaToday) – In this episode, Max Keiser and co-host, Stacy Herbert, discuss naked short selling by Goldman Sachs and piling on JP Morgan all while being hounded by a Fox News helicopter. In the second half of the show Max talks to Francine McKenna of reTheAuditors.com about Jamie Dimon, London whales and MF Global. Read the rest of this entry »

Now that Obama’s financial disclosure forms show that he has a “JPMorgan Chase Private Client Asset Management” checking account with a million bucks in it, maybe a few of the star-struck lefties will look for a fearless leader who isn’t connected to Wall Street.

I said maybe. Read the rest of this entry »

(RussiaToday) – In this episode, Max Keiser and co-host, Stacy Herbert discuss the bull market in discontent, MF Global clients begging JP Morgan for their money back, Zynga insiders dumping shares in an ‘innovative’ manner and Max does a mean impersonation of Jamie ‘Pick a pocket or two’ Dimon. In the second half of the show Max talks to activist Andy Stepanian about animal rights activism, Occupy Wall Street and the dangers of success against corporations. Read the rest of this entry »

(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, talk about the insanity of monetary policy, Jamie Dimon on municipalities going bankrupt and firearm finance in America. In the second half of the show, Max talks to economist, Shir Hever, about the what the Wikileaks cables reveal about the economy of occupation. Read the rest of this entry »

(RussiaToday) – Today, Max Keiser and co-host Stacy Herbert look at the scandals of Prozac pilots and Chinese drywall; Timothy Sniveling Scamster Geithner, asking “what choice did the President have?”, and finally, Jamie Dimon, the most dangerous man in America, complaining about the demonization of mega-banks. Max also talks to Rolling Stone journalist, Matt Taibbi, about “Looting Main Street.” Read the rest of this entry »

(LondonTelegraph) – There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than £1 trillion, and similar odds of a full-scale sovereign fiscal crisis, a key report warned. Read the rest of this entry »

We were blindsided. We never saw it coming.
So said Goldman Sachs CEO Lloyd Blankfein of the financial crisis of 2008. He likened its probability to four hurricanes hitting the East Coast in a single season. Read the rest of this entry »

(Guardian) – The US bank JP Morgan gave a glimpse of a widening rift in fortunes between Wall Street and Main Street as lucrative business on the financial markets pushed its profits up by 36%, despite worsening defaults on its credit cards and home loans by recession-hit grassroots customers. Read the rest of this entry »

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day. Read the rest of this entry »

(Bloomberg) – Former Treasury Secretary Henry Paulson, describing nine U.S. banks as “central to any solution” of the credit crisis, told their leaders to take government aid or be forced to by regulators, according to a memo his staff prepared for a private meeting in October. Read the rest of this entry »

I have long been a cynic of the bailouts, and, unfortunately, I cannot detect even the slightest sliver of daylight between the prior and current administrations. The reason, I fear, is captured by this quote from Simon Johnson, the former Chief Economist at the IMF and current professor at MIT’s Sloan School of Management:

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government

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This article is about how the CEOs of the largest Banks in the world lied to the U.S. Congress about the extent of their equity compensation bonuses. Their deliberate lies were pre-meditated and were intended to deceive the Congress and the viewing public. Read the rest of this entry »

Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief Program, which he said forced the bank to cut its dividend, and called the administration’s plan for stress-testing banks “asinine.” Read the rest of this entry »