Posted By:William Dunkelberg, Chairman, Liberty Bell Bank CNBC Guest Blog
Although I strongly disagree with Jamie Dimon about the value of large banks, I am disturbed about the furor that has swelled up in Congress over the size of the loss. Read More
Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed. Here’s the answer. Read More
It is almost certain that, at the very least, the Fed (not wanting to exacerbate its reputation for throwing taxpayer money at “Too Big To Fail” problems), would have backed JP Morgan off these trades long ago. Read More
These circumstances take on a fantasy-world quality in that many of us continue to believe the bankers are so scary smart about our markets and economy. What it really demonstrates is what chumps we sometimes have become. Read More
JP Morgan shocks the financial world with a surprise 5pm conference call to announce a $2B in losses Yahoo CEO says he never gave the company his resume. Boone Pickens delivers a frank talk and video game sales see a 5th straight month of decline. Read More
Have the last few years left you looking like a cross-eyed Mary? Were your retirement plans bungled ... in the jungle? Maybe the financial collapse has left you feeling like a dead duck, spitting out pieces of your broken luck. Oh, Aqualung. Read More