JPMorgan Chase: “Incredibly Guilty”

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Richard Eskow: An outside observer might be forgiven for thinking JPMorgan Chase isn’t so much a bank as it is a criminal enterprise with a bank attached to it.

Wall Street Pulls an Enron With Commodities

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Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.

Will JPMorgan Chase Bankers Finally Pay the Piper?

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RJ Eskow: Will Kamala Harris hang tough in her new lawsuit against JPMorgan Chase, the first to target individual bankers accused of defrauding the public? If so, it would be the first time in five years that executives at a major bank have personally paid a price for their misdeeds.

As Senators Roast JPMorgan Chase, Are The Winds Shifting for Diamond Jamie?

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RJ Eskow: We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality.

Fiscal Cliff: Wall Street’s Latest Scam

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RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.

Vulture Capitalism: Both Parties Want to Stay on Wall Street’s Good Side

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Joseph Palermo: The evidence is mounting that the 1 percent controls both of our major political parties. And now the corporate wing of the Democratic Party is getting pissy about the “tone” that its standard bearer is showing toward vulture capitalism?

Foreclosure Crisis: Bankers and Forgiveness

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Ann Robertson and Bill Leumer: Why is the government so intent on pursuing a double standard when it comes to enforcing the law on the 1 percent and on the rest of us?

10 Most Read Articles — 12 to 19 May 2012

This week, Shamus Cooke’s article, “Why U.S. Politicians Are Quiet About Europe’s Meltdown,” led the way, suggesting that working people in the U.S. need to learn to speak Greek, and adopt an increasingly popular slogan that rejects austerity measures: Tax the Rich!

Time to Retire the 99 Percent

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Walter Brasch: It’s time to retire the 99 percent. Not the people, but the slogan that identifies the Occupy Movement.

The Dog That Didn’t Bark: Obama on JP Morgan

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Robert Reich: Obama can can take on Romney and the system that allows private-equity managers to continue to make huge profits at the expense of average Americans.

JP Morgan’s Loss Could Be America’s Gain

jamie dimon

Joseph Palermo: With new evidence mounting each day that the system is as broken as it was before the meltdown of September 2008 and will likely require another colossal taxpayer bailout at some point, the public might be able to compel even the isolated 1 percenters among Washington’s policy elite to take heed.

JP Morgan’s $2 Billion Case for Breaking Up Big Banks

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Robert Reich: Let’s also stop hoping Wall Street will mend itself. What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

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Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

Apple Isn’t the Problem; Wall Street’s Big Banks Are the Problem

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Robert Reich: So why is the FTC nosing around Apple and not around Wall Street? Because the Federal Trade Commission Act allows the agency to stop “unfair methods of competition” almost anywhere in the economy except in the financial sector. Banks are explicitly excluded. Another reason for financial reform.

Defiant Wall Street Welfare Kings Come to Washington

Lloyd Blankfein

Joseph Palermo: The Democrats ensconce themselves in huge amounts of Wall Street campaign money and in exchange they pursue the short-sighted prerogatives of a bunch of rich guys who have already been bailed out and have shown the world that they’re nothing but a gang of white-collar crooks.

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