Lifted from an e-mail by Beverly Mann in response to an inquiry of mine on a Washington Post article: Hi Dan. The key paragraphs in a Washington Post article earlier this week, called Supreme Court faces pressure to reconsider Citizens United ruling say: The Supreme Court has already blocked the Montana decision, and the justices […]
This is just one days reporting from various sources. I thought I would pass them along. On the face of it perhaps the story line is clearer to even regular folk: JPMorgan Said to Hire Ex-SEC Enforcement Chief McLucas for Loss ProbeBy Joshua Gallu and Dawn Kopecki JPMorgan Chase & Co., the biggest U.S. bank, […]
Cost savings? I don’t know much about this industry except for the press, but I am thinking switching to vegan style, except Monsanto comes to mind. (Turn on being flip switch). Instead of an answer. I would ask two beginning questions: Is this a trend? Should I be increasingly concerned about our supply chain? From […]
by Mike Kimel The Crux of the Problem in the Financial Industry A great set of lines from William Black posted at Barry Ritholtz’s Big Picture: The Jamie Dimons of the world know that if they win the gambles they will be made immensely wealthy and that when they lose the gambles massively the federal […]
Reuters brings us a post from David Cay Johnson on a less well known funding mechanism from state coffers to private businesses. Granted there are a lot of others as well. See this post by Kenneth Thomas (link repaired) on how competition between government is different than between private businesses: Across the United States more […]
by Kenneth Thomas Kabuki Theater Probably Won’t Shake Up NY Fed Via @MarkThoma, Simon Johnson reports that Treasury Secretary Tim Geithner has called (very diplomatically, of course) for JP Morgan Chase CEO to resign from his position with the New York Federal Reserve Bank in the wake of risk control failures that have already led […]
by Linda Beale Nurses Support Financial Transactions Tax Perhaps the JPMorgan Chase debacle has caught enough attention to alter the debate. JPMorgan of course claimed to be entering a type of hedge that would be permitted under the Dodd Frank reforms. ( Apparently there were hedges on overall portfolio positions, and then those hedges were […]
by Mike Kimel When Competition, Easy Entry, and No Government Produces Lousy Results: A Quick Look at the Anti-Virus and Anti-Malware Market The other day I had to take my computer in to an expert for tune-up. I had all the usual onboard – an antivirus, anti-spyware software, etc. But the machine was running very, […]
by Kenneth Thomas Another Romney/Bain Firm Got Subsidies (Then Closed a Plant) The Tampa Bay Times reports (via Jed Lewison) that another Bain-owned company, Dade Behring, was a recipient of $7.1 million in subsidies from Puerto Rico and the federal government the year before it laid off 300 workers there. A common problem with many […]