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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 →

“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 →

Support for HR Bill 1489, the Return to Prudent Banking Act of 2011 is slowly (painfully slowly) growing. The Act was tabled in April 2011: “To repeal certain provisions of the Gramm-Leach-Bliley Act and revive the separation between commercial banking … Continue reading →