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Economics professor and former financial regulator William K. Black calls JPMorgan a "dangerous institution" which should not be allowed to exisit. But because it is a significant donor to both the U.S. Democratic and Republican parties, it has avoided reform. He says: "It is a travesty for JPMorgan to be able to create an additional $2 billion in losses through investments that are supposed to be allowed only if they reduce losses. The government must revise the regulations and reject JPMorgan's absurd treatment of anti-hedges as hedges." |
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Men's Warehouse $MW, abruptly fires Chairman George Zimmer. This won't be good... I guarantee it. #cnnmoney will have more.
Looking forward to Prez. Obama speech here on Berlin later today. Nukes high on the agenda. Memories of JFK and RR speeches. #cnn
My latest column for Gulf News m.gulfnews.com/business/so-mu…
CNN's tweet chat: Why Africa's a brighter light than the BRICs @HelenClarkUNDP @shaunrein @OECDeconomy @lemos_ronaldo sfy.co/hML0
updated 1521 GMT, Jun 19
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Excuse, that I interrupt you, but, in my opinion, this theme is not so actuaal.