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The morality brigade
We're still legislating and regulating private morality, while at the same time ignoring the much larger crisis of public morality in America. In recent weeks, Republican state legislators have decided to thwart the Supreme Court's 1973 decision in...
Tags: Politics, Eric Holder, Parties and Movements, Social Issues, Abortion
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Whale tale shows Wall Street has not ended its excesses
The following guest commentary was written by Carl Levin, the senior U.S. senator from Michigan. In April 2012, Americans were confronted with a story of Wall Street excess and derivatives disaster now known as the JPMorgan Chase whale trades. Those...Tags: Economy, Business and Finance, Finance, Jamie Dimon, Carl Levin, U.S. Congress
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JPMorgan silent partner revealed in Whale fiasco
One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the...Tags: Politics, Jamie Dimon, Corporate Officers, U.S. Securities and Exchange Commission, Parties and Movements
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Mary Jo White's spin at SEC's revolving door
One of the oft-repeated justifications for why Wall Street must be regulated by Wall Streeters is that what goes on there is both so complex and so essential that only those who have been part of it can be trusted to oversee it. This argument is bunk, of...Tags: National Economic Council, Business Enterprises, Politics, Lawyers, U.S. Department of Justice
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Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses
WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades, admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened” by the scandal last...Tags: Economy, Business and Finance, Finance, Jamie Dimon, Office of the Comptroller of the Currency
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MarksJarvis: Dow dips, but big downturn isn't expected
Ten isn't the charm. The Dow Jones industrial average set records for eight days and rallied 10 days, but on Friday the market lost it, declining 25 points to 14,514. Analysts attributed some of the downturn to a slide in consumer confidence to 71.8...
Tags: Stock Market, Economy, Business and Finance, Finance, The Home Depot, Consumer Confidence
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Cyber attacks on banks resume, targeting Chase
A wave of bank cyber attacks has resumed, with many JPMorgan Chase & Co. customers unable to access their Internet banking accounts. Chase’s online systems, under attack all day Tuesday, were still not completely operational by evening. “We&...Tags: Computer Crime, Netflix Inc., Joe Lieberman, Bank of America Corp., Computer Networking and Internet
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SEC nominee Mary Jo White promises tough enforcement if confirmed
WASHINGTON -- Former federal prosecutor Mary Jo White, President Obama's nominee to head the Securities and Exchange Commission, promised senators on Tuesday that tougher enforcement would be a high priority if she was confirmed. White, who spent the...
Tags: Tim Johnson, Politics, Barack Obama, Bank of America Corp., Eric Holder
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MarksJarvis: Jobs, housing coming back, but slowly
The job market is on the mend, but it still seems to have a long way to go to lift a wide swath of Americans out of their frugal ways. That is unless the surprisingly large job numbers that were reported for February are repeated month after month, which...
Tags: Stock Market, Unemployment, Homes, Petroleum Industry, Bank of America Corp.
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Goldman Sachs can also be Wall Street's moral leader
Goldman Sachs Group Inc.'s announcement that it will now bestow coveted managing director titles upon its rising vice presidents every two years, instead of annually, may have shaken the foundation at its New York headquarters. For the rest of the world,...Tags: Finance, Companies and Corporations, Bankruptcy, European Union, Goldman Sachs Group, Inc.
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Fed stress tests show biggest banks could survive deep recession
WASHINGTON -- The nation's largest banks as a group could withstand a severe recession and are much better positioned for blunting economic shocks than before the financial crisis, the Federal Reserve said Thursday in releasing the latest round of...
Tags: Economy, Business and Finance, Finance, Buyback, Bank of America Corp., Federal Deposit Insurance Corporation
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Judge rejects 'robo-signing' case, citing prosecution misconduct
Five giant mortgage firms are shelling out $25 billion to settle claims of "robo-signing" and other foreclosure abuses -- but putting anyone in jail is another matter. In one of only two robo-signing prosecutions nationwide, a judge last week threw...
Tags: Punishment, Lawyers, Mortgages, Bank of America Corp., Judges
Mar 27, 2013
|Story| Baltimore Sun
Mar 26, 2013
|Story| Petoskey News
Mar 22, 2013
|Column| Allentown Morning Call
Mar 19, 2013
|Column| Allentown Morning Call
Mar 15, 2013
|Story| Los Angeles Times
Mar 17, 2013
|Column| Chicago Tribune
Mar 13, 2013
|Story| Los Angeles Times
Mar 12, 2013
|Story| Los Angeles Times
Mar 13, 2013
|Column| Chicago Tribune
Mar 11, 2013
|Column| Allentown Morning Call
Mar 7, 2013
|Story| Los Angeles Times
Mar 7, 2013
|Story| Los Angeles Times
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