JPMorgan Chase and an open letter to Nevada's Congressional Delegation
Today we learn about yet another investigation into JPMorgan Chase & Co. This one is an FBI investigation into whether several JPMorgan employees tried to impede an investigation into alleged...
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Economics Daily Digest: Five years of fiscal failure
By Tim Price, originally published on Next New DealClick here to receive the Daily Digest via e-mail.Years of Tragic Waste (NYT)As the anniversary of the Lehman Brothers collapse approaches, Paul...
View ArticleLets Take on the Banks
I don’t know about you, but I am sick and tired of the Wall Street Bankers getting a free pass while the taxpayers are left holding the bag for their irresponsible and reckless policies.I was thrilled...
View ArticleFriday News Dump 11-15-13
It’s ironic that the deadline for the Friday News Dump is in the afternoon, well before the actual dump happens, a customary practice of politicians of any party to put out news they don’t want noticed...
View Article5th Megabanker Suicide in 2 Weeks
Forex claims ‘as bad as Libor’, says FCAThat brings the tally of traders who have been suspended, placed on leave or fired to more than 18 at nine banks, including JPMorgan, Citigroup, Barclays and...
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Wall Street banksters whine about how Elizabeth Warren doesn't like them
Well boo fucking hoo for Wall Street banksters. They have a big sad and are threatening to take their ball and go home, if Elizabeth Warren and Sherrod Brown don't start being nice to...
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Elizabeth Warren on being nicer to Wall Street: 'Give me a break'
A couple of weeks ago four of the biggest banksters, Citigroup, JPMorgan, Goldman Sachs and Bank of America, had a public tantrum about Sen. Elizabeth Warren (D-MA) being mean to them, threatening to...
View ArticleFeds Open JP Morgan Bribery Investigation
From The New York Times:Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business in...
View ArticleJP Morgan's Sponsoring a Tent at the 50th Anniv of the March on Washington...
Financial journalist and former Senior Policy Advisor to Alan Grayson Matt Stoller tweeted a link to a rather interesting press release earlier today. As it turns out, JP Morgan---yes, that JP...
View Article"The End Game" Memo
Greg Palast has published a bombshell article proving what many have long suspected -- that the global financial crisis was deliberately engineered by a small cabal of bank industry bigwigs. A...
View ArticleBam! JP Morgan to Pay $13 Billion in Damages
The Wall Street Journal is reporting that JP Morgan is going to have to fork over $13 billion for its involvement in the mortgage-backed securities business that led to the financial crisis. This...
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JP Morgan PR Stunt #AskJPM Cancelled Due to Viral Mockery
It all started when, this morning, JP Morgan tweeted this out:Tomorrow at 1pm ET $JPM Vice Chairman Jimmy Lee takes over @JPMorgan to answer your questions for 1 hour. Tweet your Q early using...
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SD-Sen: Rick Weiland (D) Slams JP Morgan's Multi-Billion Dollar Tax Break
Received this e-mail today from U.S. Senate candidate Rick Weiland (D. SD) who is running for Senator Tim Johnson's (D. SD) seat regarding JP Morgan:"If you ever wondered whether your Congress is...
View ArticleIn Through the Back Door
Whoah! This will never make it big on MainStreamMedia:SACRAMENTO, Calif. (AP) -- JPMorgan Chase & Co. will pay $299 million to California's public employee and teacher pension funds as part of a...
View ArticleJP Morgan: A bankster crime wave
Just days after JP Morgan agreed to pay a $13 Billion fine for massive mortgage fraud, Jamie Dimon, CEO of JP Morgan, celebrated in the manner of royalty. Only days after he finally agreed to a $13...
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"The Exquisitely Reengineered Frankenstein Housing Monster," by Wolf Richter
[Note: Wolf Richter has provided written authorization to the diarist to reproduce his posts in their entirety for the benefit of the Daily Kos community.](h/t to Yves at Naked Capitalism)The...
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Belle da Costa Greene: An Interesting Woman
I first came across the story of Belle Greene in reading a biography of J. P. Morgan, the preeminent financier of the gilded age. She was in charge of his private library that housed his extensive...
View ArticleMaking ends Meet -- New Jersey style
What do you do when your Privatization Schemes fail to deliver on the promised economic republican-style growth, that you've explained let you drastically slash your state's budget?Well if you're the...
View ArticleBREAKING...Yawn...Again: JP Morgan Faces Criminal Probe (Though Unlikely...
Have we heard this one before? Uh, huh. Will it mean any of the top bankers lose their jobs or, perish the thought, end up in jail? Well, I'd give a better chance the Waltons of Wal-Mart give away...
View ArticleThe other video on Eric Garner's murder: barbarism and fascism on display
My apologies if this has already been posted to DKos, but in case it hasn't, I wanted to provide a link to a second video showing just how murderous, inhumane and barbaric Daniel Pantaleo and his...
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JP Morgan's CEO has a weird definition of patriotism
Jamie Dimon, aka Yankee Doodle JP Morgan Chase is no stranger to being on the wrong side of the law, like the current criminal investigation by the Justice Department for possibly rigging the global...
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Daily Kos holds Democrats accountable for Wall Street reform gutting votes
In case you missed it, Paul Hogarth from our actions team wrote about the one encouraging data point in the defections of House Democrats who voted with Republicans to gut the Dodd-Frank Wall Street...
View ArticleCourt Says JPMorgan Must Live with $1.5 billion Paperwork Error
A federal appeals court in Manhattan ruled on Wednesday that, although it was not JPMorgan's intention, it clearly authorized its law firm to file papers in 2008 that unsecured much of a loan to...
View ArticleUntil Bankers Go To Jail, I'm Not Paying My Taxes: Splendid Idea, Greg Wise...
Let me give credit, up front, to a splendid idea from the actors Greg Wise and Emma Thompson that clarified my own outrage at a simple reality: the bankers destroyed the economy with their greed and...
View ArticleTrump, Jeb, Jamie Dimon: Out of Touch 1%'ers
Donald Trump is getting the lion's share of attention in the Republican circus right now, but he is hardly the only 1%'er who is utterly out of touch. The media loves Trump for his arrogant...
View ArticleA missive on the latest media coverage of Iran & the American people's...
This afternoon I had to re-tune my radio two or three times in quick succession just to make sure I had been listening to WNYC. The stilted, guffawing banter was so uncharacteristic it was hard to...
View ArticleWhat Everyone Here Needs to Know About the Financial Meltdown
Please, if you don’t think you understand the financial meltdown and why Obama rescued Wall Street and what they were rescued from, please know this very simple explanation of what has not been...
View ArticleHillary Clinton vs Bernie Sanders: Campaign Contributors
Secretary of State Hillary Clinton claims to be “a progressive who can get things done.” But who will she get things done for?Here is a list of donations she has received since...
View ArticleThe Clintons' Corporate Connections Ensure that They Are Incapable of Leading...
Add Exxon (over $1 mil to the Clinton Foundation) who is being investigated by the Justice Dept. for concealing evidence about climate change, and JP Morgan ($450 K for speeches) to the list of...
View ArticleFed/FDIC tell five big banks their resolution plans are not credible, could...
Bernie’s campaign, Elizabeth Warren’s statements and widespread support for their call to abolish Too Big To Fail banks is having a real impact on how regulators act towards the largest financial...
View ArticleTurns out Clinton gave Sanders $10k to help him win his senate seat (Goldman...
Former Secretary of State Hillary Clinton has been mercilessly slandered and smeared with more attacks in one year than most politicians experience in a lifetime. They say It comes with the territory....
View ArticleThe Supreme Court will hear appeals from banks and credit card companies...
Back in 2013, a federal judge dismissed antitrust lawsuits against Visa Inc, MasterCard Inc, JPMorgan Chase & Co, Bank of America Corp. and Wells Fargo & Co. Those lawsuits accused these...
View ArticleU.S. banks can increase the $6.4 billion made in ATM and overdraft fees...
Each year, every American pays an average of $25 in overdraft and ATM fees according to CNNMoney.America's three biggest banks -- JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) --...
View ArticleApril 17, 2017 Open Thread; Malbec World Day
April 17 is the 107th day of the year. There are 258 days left.-Today's number is 17- 17 is a prime 17 is the sum of the first four primes (2,3,5,7) 17 is a Fermat Prime 17 is the minimum possible...
View ArticleThere’s no mystery to achieving transparent pricing and lower costs for U.S....
Health industry stocks plunged on Tuesday with word that corporate powerhouses Amazon, J.P. Morgan, and Berkshire Hathaway were partnering to create a new, nonprofit company to “focus on technological...
View ArticleSunday Open Thread: February 25 is George Harrison's Birthday
World History this day1843 -- Lord George Paulet occupied the Kingdom of Hawaii in the name of Great Britain 1932 -- Adolf Hitler became a naturalized German citizen 1948 -- The Communist Party took...
View ArticleWall Street banks love those Republican tax cuts
Republicans' difficulties in running on their tax cuts aren't going to go away when the headlines scream things like this: "Bank of America Profit Rises 30% on Tax Cuts, Interest Rates."Bank of America...
View ArticleTrump and Republican tax cuts added $3.7 billion profit to J.P.Morgan. How's...
Historically high levels of income inequality didn’t stop the Republican Party from driving through a robber baron’s fantasy of wildly unpopular tax cuts for the rich and corporate tax cuts … for the...
View ArticleAOC asks bankers if more of them should have gone to jail after financial crisis
Yeah, for whatever reason, they didn’t really think so.The Hill:In a House Financial Services Committee hearing meant to assess preparedness since the crisis, [Alexandria] Ocasio-Cortez expressed...
View ArticleRep. Katie Porter demands to know why JPMorgan Chase employees can’t pay...
On Wednesday, a slew of 1 percenters waltzed into Washington to answer questions from the House Financial Services Committee. Freshman Democratic Rep. Katie Porter of California had a very simple...
View ArticleNYT: Chase twiddled thumbs after being warned by own compliance team that...
JPMorganChase took a well-deserved beating, both legally and in the court of public opinion, for its relationship with Bernie Madoff. For those who don’t recall, Chase continued to do business with...
View ArticleJ.P. Morgan predicts newest Trump tariffs will slam consumers to the tune of...
Remember when Donald Trump boasted that trade wars are “easy to win?” xWhen a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars...
View ArticleJPMorgan conference attendees descend upon San Francisco, immediately whine...
The Bay Area, and specifically San Francisco, is one of the shining examples of what growing income inequality looks like. The median price for a home in San Francisco is around $1.38 million and the...
View ArticleStephanie Ruhle Of MSNBC Is Reporting Big Business Pushback To Trump's Plan...
No link yet, but Stephanie Ruhle of MSNBC is reporting that CEO’s of some major companies are pushing back against Trump’s “plan” to reopen the economy on May 1st. Quick takes from what she...
View ArticleFirst Republic is bankrupt and has sold its operations to JP Morgan
www.bloomberg.com/…edition.cnn.com/…JPMorgan Chase to buy most First Republic assets after bank becomes third in US to fail since Marchwww.wsj.com/…Regulators seized First Republic Bank and struck a...
View ArticleFirst Republic Bank seized, sold to JPMorgan Chase
Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase...
View ArticleBank stocks continue to fall following First Republic demise
Regulators have barely written the epitaph for First Repbulic Bank, but investors on Wall Street have already moved onto speculating which bank might be the next to fail.Bank stocks fell sharply...
View ArticleSuper rich CEOs: 'It won’t be the end of the world' if Trump wins
The richest people in the world are enjoying the World Economic Forum in Davos, Switzerland. This year’s annual get-together began with an Oxfam report detailing how the five richest men in the world...
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