Tag Archives: Jamie Dimon

Bank of America: Defrauding Customers is Good Business

Bank of America: for every $11.50 they make defrauding customers, they pay $1 in fines. Bank of America Corp.’s Merrill Lynch wealth-management unit was fined $2.8 million by the Financial Industry Regulatory Authority for overbilling customers by $32.2 million But … Continue reading

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Dimon’s Axiom: Loans are the problem and derivatives are the solution

Dimon Lambastes Loans and Expresses His Devotion to Derivatives By William K. Black The ongoing U.S. crisis was driven largely by financial derivatives.  Nine of America’s systemically dangerous institutions (SDIs) failed or had to be bailed out – Bear Stearns, … Continue reading

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Obama’s got his back: Dimon wore Presidential cufflinks at hearing

Stacy Summary: Just in case the American peasant population needed to have their faces pushed into the dirt a little more, Jamie shows them who is boss: SEAL OF APPROVAL JP Morgan boss flashes presidential bling at Senate hearing Jamie … Continue reading

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Jamie Dimon & The Fed: Billions & Trillions for Insiders

Jamie Dimon, JP Morgan Chase & The Fed: Billions & Trillions for Insiders Written by  William F. Jasper Oops! Another couple billion dollars lost. Oh well, no biggie; nothing to get too concerned about. That, in essence, was the reaction … Continue reading

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Jamie Dimon Must Go

More On J.P. Morgan’s Losses   The Financial Times - JPMorgan unit has $100bn of risky bonds The unit at the centre of JPMorgan Chase’s $2bn trading loss has built up positions totalling more than $100bn in asset-backed securities and structured … Continue reading

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