JPMorphing. NYT editorial: “JPMorgan Chase’s whopping multibillion-dollar trading loss has revived calls for a tougher version of the Volcker Rule, but Jamie Dimon isn’t dropping his campaign against regulation.” Banking needs more than the Volcker rule, it needs more Volckers, argues W. Post’s Harold Meyerson: “Rumpled and unglamorous, Volcker personified…
The Federsal Reserve bows to big banks today, China tomorrow
Yesterday’s JPMorgan shareholders meeting was “pretty tense”, according to Lisa Lindsley who attended the meeting in Tampa. Lindsley is the director of capital strategies at the American Federation of State, County and Municipal Employees pension plan. In a radio interview with me yesterday Lindsley said that it was obvious that…
More heads should roll and not just at JPMorgan
It’s hard to believe that just over two years ago I spoke at a press conference at the U.S. Capitol along with Senators Dick Durbin, Jack Reed and Michael Bennet calling for the Senate to pass financial reform legislation to protect small businesses and the public from Wall Street causing…