JP Morgan

Last week, in an interview with Bloomberg News, former Countrywide CEO, Angelo Mozilo gave the nation the middle finger.  He expressed zero remorse or culpability for his very personal (and personally lucrative) role in the subprime crisis that catalyzed a global economic recession....
09/09/2014
Blog
On The Willis Report, Demos Senior Fellow Wallace Turbeville pushed back against guest host Dennis Kneale's assertion that federal investigations of JP Morgan are nothing more than a witch hunt stemming from CEO Jamie Dimon's criticisms of President Obama's economic...
10/14/2013
Video
Talk about biting the hand that bails you out of bankruptcy. AIG shareholders have brought suit against the federal government because the bailout deal had a “punitive” interest rate of more than 14 percent and diluted the holdings of existing shareholders due to the government’s...
01/08/2013
Blog
One of the main lessons of the financial crisis was that big banks -- along with a parallel "shadow banking system" -- had become too opaque, and that it was impossible to know the full scope of their risky behavior. Lehman Brothers, for example, hid billions of dollar in liabilities in the years...
01/03/2013
Blog
The best defense of private equity is that this industry does both good things and bad things. Sometimes private equity firms rescue troubled companies, pump in new capital and management talent, and make them better and more productive -- saving or creating jobs along the way. Other times, though...
05/24/2012
Blog
Chase Tower in Rochester, New York/Flickr: kricav It was fitting that while President Obama and his Hollywood apostles broke fundraising records at a sumptuous $40,000 per plate dinner at George Clooney’s place, word of JPM Chase’s ‘mistake’ rippled through the news. Not...
05/14/2012
Blog
The Federal Reserve Board of Dallas released a report from its chief researcher, Harvey Rosenblum, which has caused quite a stir. The report cites Fed statistics showing that the five largest US banks hold a remarkable 52% of all bank assets:  U.S. Banking Concentration Increased Dramatically...
03/23/2012
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