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 […]
Matthew Yglesias channels … me! Yep, that’s right. And now that, as Yglesias discusses, Newark Mayor Cory Booker has given the Obama campaign permission to explain the differences between the various types of venture capital “models” (as Yglesias calls them), conceding that, yes, that may really be more relevant to the key issues in the […]
Sadly, probably not. But it’s the voice those of us Of A Certain Age remember better than the Stigwood Era: RIP, Robin Gibb.
Did they claim that it showed a permanent tradeoff between inflation and unemployment. James Forder says no. Is the intellectual history and self image of modern macro based entirely on the critique of the legend to a figure which can be read out of context deliberately ? Serious people don’t put it that way, but […]
I hesitate to post this while Nick Rowe is on vacation, because he’s always so generous with his replies and explanations. Here’s hoping he gets back to this. But he does get me thinking. I’ve spent several days re-reading and pondering his Identity Economics post and (his) related others, which post begins [my brackets]: Here […]
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 […]