Dimon's Fed Tenure, Hospitals Driving Out Patients, Wells Fargo Facing Allegations And More

Monday, May 14, 2012 Peter S. Goodman: Dimon's NY Fed Tenure Should End Now Not for the first time, Elizabeth Warren has spoken a simple truth, one that ought to be heeded: Jamie Dimon must surrender his seat on the board of the Federal Reserve Bank of New York. The seat in question is part of a body that has god-like influence over the most crucial questions governing high finance. Like, for example, whether colossal institutions such as Dimon's ought to be spared from collapse by taxpayer largess when bad things happen. And as Dimon's bank has just helpfully reminded us, courtesy of its $2 billion-plus in losses on a bum trade, bad things happen all the time, especially when the financial lobby manages to keep fighting off any semblance of sensible regulation. Best Buy Chairman And Founder Steps Down In Wake Of CEO Scandal Derivatives Cassandra On JPMorgan: Told You So Hospital Patients, Unready To Leave, Being Pushed Out Anyway Car Sales Represent Half Of U.S. Economic Growth Wells Fargo Accused Of Offering Deceptive Modifications BLOG POSTS James Kwak: Regression to the Mean, JPMorgan Edition The performance of anyone doing anything will exhibit regression to the mean. If you do well at something, it's because of some combination of skill and luck. If JPMorgan came through the financial crisis well, it was some combination of skill and luck. Gemma Godfrey: How Will the French and Greek Elections Change the Direction of Europe? As French and Greek voters make their feeling about spending cuts loud and clear, we ask ourselves: why has there been such a strong swing to anti-austerity/pro-growth, how does this threaten the survival of the euro and is a Greek default still possible? Ian Bremmer: Welcome to the G-Zero Era In years to come, every nation will have to create its own options because there will be no government with the muscle to drive an international agenda. Some countries are better positioned than others to prosper in this decentralized global order. Shawn Amos: WATCH: 60 Seconds of Social Media It seems like most everyone agrees that the days of flashy, intrusive banner ads are over. So what does that mean for the future of Internet marketing? Richard (RJ) Eskow: Jamie Dimon's JPMorgan Chase: Why It's the Scandal of Our Time The Chase disaster gives us a much-needed a glimpse into our corrupt political system, its Wall Street paymasters, and the media voices that allow people like Jamie Dimon to escape scrutiny.

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