Tag Archive

Jamie Dimon Beware: The Wall Street Journal Says It Is Time to Break Up the Big Banks

Published on February 20, 2012 By admin

The following article is brought to you by David Paul at HuffingtonPost.Com. This week, four years after the collapse of Bear Stearns, the two hedge fund managers who helped bring about its demise, Ralph Cioffi and Matthew Tannin, agreed to pay $1 million to settle a civil suit brought by the Securities and Exchange Commission. […]

J.P. Morgan Chase Banks on Buying Into the Casino

Published on November 28, 2011 By admin

The following article is brought to you by Raymond J. Learsy HuffingtonPost.Com. Wall Street continues in its ways unabated. Here we have a nation with 9% plus unemployment, an economy that is deep in recession and at the precipice of worse with a government that protects one sector of the economy, the financial sector, to […]

Mortgage Debacle Costs Banks $66 Billion as Suits Sap Profit

Published on September 17, 2011 By admin

The following article is brought to you by James Sterngold at BusinessWeek.Com. Faulty mortgages and foreclosure abuses have cost the nation’s five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industry wide total to twice that amount. Bank of America Corp., the largest […]

Senate Hearing on Winding Down of TARP

Published on April 2, 2011 By admin

The following article is brought to you by C-Span.org WATCH THE ENTIRE HEARING AT C-SPAN Neil Barofsky, the Treasury Department’s Special Inspector General for the Troubled Asset Relief Program (TARP) said today the “financial markets believe more than ever than the United States government will step in and save the ‘too big to fail’ institutions […]

TARP Inspector: “Too Big to Fail” Continues

Published on April 2, 2011 By admin

The following article is brought to you by C-Span.Org WATCH THE ENTIRE HOUSING OVERSIGHT HEARING ON DODD-FRANK ACT AT THE C-SPAN The Dodd-Frank financial overhaul law that passed last summer will effect several government agencies. As officials grapple with implementing the bill, several groups are calling into question the cost of executing the program and […]