Well I saw the Jamie Dimon performance on Meet The Press on Sunday Morning and he looked good in a Black Swan motif. Here is what some commentary had to say: LATimes - What Jamie Dimon Didn’t Tell You on Meet the Press NYTimes - What the Banker Did Tell you in StageCoach FinancialTimes – Jamie Dimon creates...
The following letter of resignation by Greg Smith from Goldman Sachs published at the NYTimes appears to provide proof that the Finance Vulture Culture has survived despite the onslaught of Bush and Obama administration legal prosecution cases against the financiers responsible for the Mortgage Meltdown and Financial Crisis. Now to be sure this Survival of the Fittest extends...
If the Republicans want a bona fide issue to tar and feather President Obama on, its his kowtowing to the banks exemplified most recently by the Housing Settlement. Once again, “for the sake of the economy”, banks get away with major white collar financial crime. Anything for a settlement. The $25Billion is peanuts in comparison to the...
The five major problems facing not just the US but almost all developed countries are the following: 1)Jobs are going to the developing countries with very favorable rates of exchange and wage level relative to prosperous developed countries. Wages in China, India, Vietnam, Brazil and others across the board are a fraction of the...
Nicholas Kristoff at the NYTimes, has a very telling piece about the Bankers who brought about the 2007-2008 Financial meltdown. Recent disclosures by Bloomberg and others have made it clear that the $0.70 Trillion TARP bailout was just the tip of the iceberg as 10 time the TARP, or $7.0trillion has been spent to...
Harry’s Law, in yesterday’s episode called Head Games, takes up the Occupy Wall Street Message in full form.The episode deals with a woman whose home is foreclosed; so in desperation she goes and robs one of the bank’s branches. The team’s defense for the woman is the so called Outrageous Government Misconduct defense. In...
In options market trading ye Editor has always wondered why Naked Puts are allowed as transactions. Naked Puts mean I don’t own the underlying stock but I am guaranteed being able to sell it at a fixed price up to a fixed date. Why the transaction? If I own the underlying security a Natural...
Is it a tenor of the Times that only an American writing for a British paper, the Guardian, could produce a plausible story of why the Occupy Movements, predominately peaceful, non-violent protests, were shutdown? Naomi Wolf writing for the Guardian,has produced a story that shows that Federal Homeland Security officials worked in co-ordination with...
The above 60 Minutes Report on how badly compromised members of Congress are is echoed in this report from the Daily Beast on Obama’s Energy Department graft that extends well beyond Solyndra. Clearly the US is teetering with political graft and scandal that extends across parties and is making Washington a place of Moral...
Three new reports on MF Global’s Bankruptcy and its Impact on Financial Policy are worth noting: NYTimes - Gretchen Morgenstern, who has been instrumental in exposed recent Financial Follies, describes the damage to the credibility of current financial regulatory reforms and how the current European financial crisis impacts American banks and financial institutions as a consequence....
Both fascinating and frustrating reading. The story of Joseph Needham collecting together the history and legacy of China's technological triumph's is utterly fascinating. But frustrating is the failure of Winchester to shed clear light on why a)China did not already have such a hitorical trove in Beijing and b) why did China miss out on the Industrial Revolution while Japan, even more reclusive, did not.
