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Jamie Dimon and the porn actress teacher
Remember the 1 percenters, and the 99%? Want an update? Try these two stories on for size. First, in the 99% world -- the one most of us live in -- there’s this: The Oxnard School District Board of Trustees is expected to make a decision...Tags: Occupy Wall Street, Teaching and Learning, Teachers, JPMorgan Chase & Co.
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Part three: Culture shock
Tribune Tower was in crisis, and the illustrations of penguins installed in the building's ornate lobby were meant as a constant reminder. With Tribune Co. revenues sliding and managers struggling to adjust to an Internet revolution, executives in early...
Tags: Jimmy Lee, Financially Distressed Companies, Northwestern University, Newspapers, Corporate Officers
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Part two: Warning signs
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines. There was...
Tags: Jimmy Lee, Financially Distressed Companies, Citigroup Incorporated, Standard & Poor's Financial Services LLC, Corporate Officers
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The case of the missing $6 billion
Change of SubjectBy Megan Crepeau Remember Jamie Dimon and his "London Whale" financial scandal? You know, the one where JP Morgan lost $6 billion, the one that CEO Dimon called a "tempest in a teapot?" Maybe that's not such an understatement after...... -
Robert B. Reich: How Wall Street is trying to avoid U.S. oversight
While all eyes are on the Supreme Court and Obamacare, a quieter battle is being waged against the president's other major initiative, the Dodd-Frank financial reform act. Wall Street has already watered down or delayed most of Dodd-Frank. Now it wants...
Tags: Finance, American International Group, Goldman Sachs Group, Inc., Europe, Lloyd Blankfein
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Questions remain
As yet another all-important election nears, some questions remain. For example, what will become of all the pre-prepared editorial letters, now seemingly irrelevant, critical of Kristi Noem's lack of an Aberdeen office, college degree and a seat on the...Tags: Barack Obama, Democratic Party, Citigroup Incorporated, Credit and Debt, Paul Ryan
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Profits soar at 2 largest mortgage lenders
NEW YORK (AP) — Is the mortgage market really back? The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that...
Tags: Federal Reserve, Homes, Quarterly or Semiannual Financial Statements, Money and Monetary Policy, Corporate Officers
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Capitalism is an irrational political system
Contributing columnistYes, it’s irrational. And it’s what the GOP says it wants for our country, to save us from becoming “like Europe.” It’s also what the post-New Deal Democratic Party stands for, only a little less. Let’s start with...Tags: Spencer Bachus, Politics, Finance, Democratic Party, Alabama Crimson Tide
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Warren Buffett pontificates on JPMorgan, Wells Fargo, newspapers
Billionaire investor Warren Buffett had opinions to spare Friday, when he dished on JPMorgan’s Jamie Dimon, Wells Fargo’s home lending prowess, the future of the euro and newspapers, Facebook and more. “I’ve had enough mistakes of...
Tags: Media General Inc., Social Media, Berkshire Hathaway Inc., Google Inc., Media Industry
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Allan Powell: Classical economics hits a 'bump'
The recent disclosure of JP Morgan Chase’s losses of more than $2 billion in a few weeks generated two types of alarm. One was that we were too lax in our regulatory measures that restrain risky investment bank speculation. Others were alarmed about...Tags: Banking, Investments, Paul Volcker, Litigation and Regulation, Christopher Dodd
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JPMorgan's Dimon To Go To Washington
ReutersWASHINGTON/NEW YORK (Reuters) - Jamie Dimon will be playing a new role in Washington this Wednesday, called to explain JPMorgan's recent trading debacle after years of being known as the Wall Street banker who got it right during the financial crisis....Tags: Banking, Federal Reserve, U.S. Senate, Chicago, Citigroup Incorporated
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JPMorgan Chase executives could be forced to give back some pay in 'clawback'
WASHINGTON (AP)— JPMorgan Chase CEO Jamie Dimon told Congress on Wednesday that senior bank executives responsible for a $2 billion trading loss will probably have some of their pay taken back by the company. “It’s likely that there...
Tags: Finance, U.S. Senate, Democratic Party, Bob Menendez, Chuck Schumer
Jan 16, 2013
|Story| Los Angeles Times
Jan 14, 2013
|Story| Baltimore Sun
Jan 13, 2013
|Story| Baltimore Sun
Sep 24, 2012
| Chicago Tribune
Jun 27, 2012
|Story| Baltimore Sun
Nov 1, 2012
|Story| Aberdeen News
Oct 12, 2012
|Story| Petoskey News
Jul 6, 2012
|Story| AM News
Jul 13, 2012
|Story| Los Angeles Times
Jun 1, 2012
|Story| Herald Mail
Jun 10, 2012
|Story| Chicago Tribune
Jun 13, 2012
|Story| Petoskey News
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