Posts Tagged ‘JP Morgan Chase’

News and views from around the web posted to the Wonderland Wire:

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Goldman Sachs, JP Morgan Chase, Citigroup and Bank of America all completed the first quarter without one losing day.

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Rep. Alan Grayson (D-Fla.) tells you how you became part-owner of the toxic Red Roof Inn—but not really the owner at all, just the one covering the liabilities with your homes (10:58):

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News and views from around the web posted to the Wonderland Wire:

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News and views from around the web posted to the Wonderland Wire:

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The second episode of Max Keiser’s new show on Russia Today: “‘Keiser Report’ is a no holds barred look at the shocking scandals behind the global financial headlines. From the collusion between Wall Street and Capitol Hill to the latest banking crime wave, from bogus government economic statistics to rigged stock markets, nothing escapes the eye of Max Keiser, a former stockbroker, inventor of the virtual specialist technology and co-founder of the Hollywood Stock Exchange. With the help of Keiser’s co-host, Stacy Herbert, and guests from around the world, ‘Keiser Report’ tells you what is really going on in the global economy.” – 26 Nov 09 (26:19):

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The treasury secretary and chairman of the House Finance Services Committee have unveiled a bill being referred to as the bailout of 2008 “on steroids”, Adrianne Appel at Inter Press Services (IPS).


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Advisers to Treasury Secretary Timothy Geithner have “reaped millions working for banks”, Robert Schmidt reports at Bloomberg.

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Sunday’s Washington Post reports that “J.P. Morgan Chase for the first time convened its board in Washington this summer, calling the directors to a meeting at the downtown Hay-Adams hotel, then dispatching them to Capitol Hill for meet-and-greets,” highlighting the bed-sharing between State and economy in an article titled, “In Shift, Wall Street Goes to Washington: District Rises as New Financial Center”.

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‘Wall Street banks are reaping outsized profits by trading with the Federal [sic] Reserve,’ Henny Sender reports today. The FED is one of Wall Street biggest customers for shit with no value. “You can make big money trading with the government,” said an executive at a leading investment management firm. “The government is a huge buyer and seller and Wall Street has all the pricing power.”

If you’re unsure how this works, msnbc’s Dylan Ratigan recently broke it down real well (8:39):

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Interview with a recently released Bagram detainee; U.S. military possibly broke Posse Comitatus spying on activists for two years; The sheep are begging for the Police State; 96% of risk in the hands of five banks; and more… (more…)