Excuse me while I yawn and shrug at the same time. Here we go again–a sign that nothing truly has changed and we can just sit back and prepare for the next financial implosion. The SEC has agreed to let J.P. Morgan off with a slap on the wrist to the tune of $153 […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Regulations"
J.P. Morgan To Pay $153 Million Fine in Mortgage Scam But NO JAIL TIME?
Posted on 22 June 2011.
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Clueless Jamie Dimon Is Great For A Big Laugh
Posted on 09 June 2011.
I mean, this is pretty funny–except it’s pathetic, bizarre and, ultimately, gives all of us a great window on the "they haven’t learned anything" culture on Wall Street and the business world in general. Jamie Dimon, CEO of J.P. Morgan (and the Ten of Hearts in the 52 deck-of cards Audacity of Greed), is […]
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Regs Don’t Hurt Wall St Profits–But Still They Work To Kill Rules
Posted on 23 April 2011.
Interesting juxtaposition, I think, in these two press reports. First, the financial industry is doing all it can to neuter the rules imposed in what I thought was the relatively meak Dodd-Frank changes: Wall Street and the financial industry spent more to lobby Washington in the first quarter of this year than a year […]
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The White House Hoists White Flag of Surrender
Posted on 08 February 2011.
It’s official. The president’s stroll to the Chamber of Commerce marks the handing over of the keys to the future of the middle class to the business world (not to mention the complete airbrushing out of the entire economic picture anyone considered poor). And it really has happened with not much struggle. For […]
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