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Daily Archives: July 17, 2012
New study: banking crisis to alter path of bright minds
A new study out of the UK this week suggests the 2008-2012 financial crisis is likely to bring an important boon to the world of innovation, manufacturing and technology. Amen, we need it: “SThree, which recruits professionals educated in the … Continue reading
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Tavakoli on JP Morgan fraud and recent losses
JANET TAVAKOLI, PRESIDENT, TAVAKOLI STRUCTURED FINANCE discusses JP Morgan’s 2nd quarter earnings and recent fraud admissions: “JPMorgan (NYSE:JPM) just said what they said—is that the whole situation suggests that traders were knowingly mis-marking their books. Now that’s criminal behavior and … Continue reading
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Libor scandal: largest scale fraud ever
“The economy is the main event but the LIBOR scandal will be on the under-card when Fed Chairman Ben Bernanke testifies before Congress today and tomorrow. At issue is what the Fed, and other bank regulators, knew about manipulation of … Continue reading
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