JPMorgan Chase

Tyler Durden's picture

Cronyism Pays: Eric Holder Triumphantly Returns To Law Firm That Lobbies For Banks





After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients. The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in Feburary 2009. And Covington literally kept an office empty for him, awaiting his return. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.

 
Tyler Durden's picture

The Bush Family Goes "All In" For Number Three (With The Help Of Its Bankers)





It’s happening. As expected, dynastic politics is prevailing in campaign 2016. After a tease about as long as Hillary’s, Jeb Bush (aka Jeb!) officially announced his presidential bid last week. Ultimately, the two of them will fight it out for the White House, while the nation’s wealthiest influencers will back their ludicrously expensive gambit. And here’s a hint: don’t bet on Jeb not to make it through the Republican gauntlet of 12 candidates (so far). After all, the really big money’s behind him.

 
Tyler Durden's picture

Frontrunning: June 25





  • This headline needs updating: Creditors set bailout ultimatum for defiant Greeks (Reuters)
  • Greece’s Fragile Banks Leave Alexis Tsipras Few Options in Bailout Talks (WSJ)
  • Dueling Greece Plans Presented as Ministers Race for Aid Deal (BBG)
  • Icahn Cashes In His Netflix Chips (WSJ)
  • Meet the Health-Law Holdouts: Americans Who Prefer to Go Uninsured (WSJ)
  • ECB holds Athens lifeline unchanged as Bundesbank protests (Reuters)
  • Supreme Court Guide: Six Big Decisions Remain (WSJ)
  • The Rise of the Compliance Guru—and Banker Ire (BBG)
 
GoldCore's picture

“They Can’t Print Money Forever” - Ron Paul





Ron Paul, former congressman for Texas, laid plain the absurdity of central policy towards the markets in a recent interview with Amanda Diaz on CNBC. He believes a day of reckoning is in the cards because the central banks “can’t print money forever.”

 
Tyler Durden's picture

Auto Loans In "Untested" Territory Blackstone Warns As Subprime ABS Sales Accelerate





"Of the subprime vehicle loans bundled into securities, 73 percent now exceed five years, up from 64 percent during the first three months of 2014. 'Because cars depreciate quickly, a borrower is typically upside down or underwater toward the end of a long loan term.' 'The risk is that you extend a loan that a borrower cannot afford over its term schedule. Inching out to 75 and 84 months, I don’t think that has been tested yet.'"

 
Tyler Durden's picture

Frontrunning: June 18





  • WSJ urges Fed to blow uberest of all bubbles: Memo to Fed: Let the Economy Overheat (WSJ)
  • Gunman at large after killing nine at black South Carolina church (Reuters)
  • Nine Dead in Charleston Shooting Labeled a 'Hate Crime' (BBG)
  • Hong Kong Votes Down Beijing-Backed Election Plan (WSJ)
  • Greece Has Already Cost Investors $897 Billion This Year (BBG)
  • Merkel Maintains Tough Stance on Greece as Deadline Looms (WSJ)
  • Small U.S. frackers face extinction amid drilling drought (Reuters)
  • Brian Williams to Stay at NBC, but Lester Holt Will Be Anchor (WSJ)
 
octafinance's picture

China Market Cap to GDP at 118% and Margin Debt at 3.6%, after 130% Stock Market Yearly Rise. What Follows?





Chinese Margin Debt to Stock Market Cap Hit 3.6% or more than the US 2.2% despite record margin debt highs. The Stock market cap to GDP, Buffet favorites stock warning indicator is at 118% for China. Is China a secular bull market one we should ride for decades or just a bubble mania?

 
GoldCore's picture

New Gold Electronic Payments System To Protect From “National Financial Or Currency Crisis”





“But the truly game-changing aspect of this proposal … lies in the “system” part.  This would be an advanced, state-owned and operated system of electronic payments and settlements, denominated in ounces of precious metals, barred from engaging in lending, leasing, speculative or derivative transactions, and always maintaining a 100% ratio

 
Tyler Durden's picture

Former SEC Officials Demand SEC Chief: Stop Protecting Corporate Cronyism





The primary job of modern American regulators is to protect entrenched status quo interests. Protecting the public doesn’t even factor into the equation.

 
Tyler Durden's picture

Frontrunning: May 28





  • No change in Greek debt talks after another day of spin (Reuters)
  • G-7 Weighs In on Greece as Government Told to Be Serious (BBG)
  • FIFA Faces Mounting Pressure From Sponsors as Visa Threatens to End Deal (WSJ)
  • U.S. hopes Chinese island-building will spur Asian response (Reuters)
  • Japan Inc.’s $104 Billion Investor Payout Set to Surge (BBG)
  • Russia masses heavy firepower on border with Ukraine (Reuters)
  • China Says Its Most-Wanted Fugitive Is in U.S. Custody (BBG)
 
Tyler Durden's picture

JPMorgan Officially Apologizes For Being A Criminal Market Manipulator





Presented with little comment, aside to ask - how many 'people' went to jail for this?

 
Tyler Durden's picture

SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks





"It is troubling enough to consistently grant waivers for criminal misconduct.  It is an order of magnitude more troubling to refuse to enforce our own explicit requirements for such waivers.   This type of recidivism and repeated criminal misconduct should lead to revocations of prior waivers, not the granting of a whole new set of waivers.  We have the tools, and with the tools the responsibility, to empower those at the top of these institutions to create meaningful cultural shifts, yet we refuse to use them.  I am concerned that the latest series of actions has effectively rendered criminal convictions of financial institutions largely symbolic."

 
Pivotfarm's picture

Top 10 Banks To Sell Your Soul





Janet Yellen at the Federal Reserve believes that the partying on Wall Street and in the financial institutions may “lead to trouble”.

 
Tyler Durden's picture

Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?





Do you remember what happened when Cyprus decided to defy the EU?  In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts.  Well, the nation of Greece is now approaching a similar endgame.  At this point, the Greek government has not received any money from the EU or the IMF since August 2014As you can imagine, that means that Greek government accounts are just about bone dry.

 
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