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Monthly Archives: February 2012
Bill Black: “Dimon is the face and mindset of crony capitalism”
Excellent article on JP Morgan and it’s serially criminal executives, courtesy of The Big Picture today by Professor William Black. Some highlights: “SEC investigations have found that JPMorganChase is a serial violator of the securities laws. The bank gets caught, … Continue reading
Yes, yes, China to the rescue
More shades of 2008 this morning, as S&P futures contracts jumped on a general assurance from China overnight that they will “help with the European crisis”. (The Chinese people with an average income of $7,000 a year would love to … Continue reading
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The agony of Greece and those who are watching it
Five years into recession, with unemployment at 20.9% (as of November) and 48% of those under 25 unable to find work, the ongoing decimation of the Greek economy is agony to witness. Today, stocks rallied back from the lows of … Continue reading
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