Tag Archives: Jamie Dimon

Banker Lies and Misrepresentation — The Present and Lessons From the Past

As featured on The Huffington Post: Yesterday U.S. prosecutors accused two low-level JPMorgan executives with criminal charges of wire fraud and falsifying regulatory filings of risky and complex credit derivatives that led to the bank’s massive loses in the ‘London Whale’ scandal. JPMorgan, as do all banks, had the obligation to honestly report its assets…
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JPMorgan Exits Physical Commodity Trading

As featured on The Huffington Post: Quite dramatically, being the biggest bull in the China shop, JPMorgan Chase made the striking announcement this past week that it would¬†quit trading in physical commodities. This in a week during which a Senate panel held hearings on whether banks such as Goldman Sachs and JPMorgan are manipulating commodity/material…
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JP Morgan Accused of Rigging Energy Markets. A Feather Duster Anyone?

As featured on The Huffington Post: There they go again. First there was Enron rigging energy markets. Now the sights are set on JP Morgan Chase, where the¬†Wall Street Journal reported on Wednesday, “JP Morgan, Energy Regulator Near Record Settlement.” Record settlement, really? The number bandied about is $1 billion, or one sixth of the…
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