Friday, May 11, 2012

Simon Johnson On JPMorgan, Facebook Co-Founder's Strange Move, Pink Slime Fallout And More

Friday, May 11, 2012

Experienced Wall Street executives and traders concede, in private, that Bank of America is not well run and that Citigroup has long been a recipe for disaster. But they always insist that attempts to re-regulate Wall Street are misguided because risk-management has become more sophisticated -- everyone, in this view, has become more like Jamie Dimon, head of JP Morgan Chase, with his legendary attention to detail and concern about quantifying the downside.

Peter S. Goodman: Why Blaming Jamie Dimon Misses The Point
Facebook Co-Founder May Have Sidestepped Taxes By Dropping U.S. Citizenship
'Pink Slime' Uproar Leads To Pink Slips For Workers
Ex-CEO Accused Of Using A Company Airplane In Inappropriate Relationship
71-Year-Old Mom Faces Eviction On Mother's Day
BLOG POSTS
Robert Reich: How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall
What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded.
Saru Jayaraman: Where Are You Taking Your Mom to Eat This Mothers' Day?
This Mother's Day, wherever you take your mom, ask the manager at the end of the meal about the hourly wage of servers and bussers in the restaurant before tips, and whether they provide paid sick days.
Mark Tercek: Unsung Heroes: Corporate Sustainability Officers
Today, the drivers of environmental action go deeper than philanthropic motives, or doing the right thing. For a growing number of companies, "going green" is now a core business strategy.
Harlan Green: Ryan Budget Punishes the Poorest -- A Return to 'Les Miserables'?
We know Victor Hugo's message is alive and well when Paul Ryan's latest budget proposal continues to punish the poorest for the sins of the wealthiest, who caused the Great Recession and have yet to be punished.
Jose Suarez: Politicians Are Making Florida Good for Business But Bad for Floridians
Why isn't the so-called "well being" in Florida trickling down? Probably, because our politicians stopped working for us a long time ago.
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