Rupert Murdoch's got problems. His employees are being arrested, he's losing his latest acquisition, and he's just been called to testify before Parliament. But there's an easy way for Mr. Murdoch to protect himself from these inquiries and save his company at the same time: Turn the News Corporation into a Wall Street bank. There won't be any prosecutions, and the government will even sweeten the deal with billions of dollars in easy money. And if Murdoch follows the trail blazed by bankers like Jamie Dimon at JPMorgan Chase, soon they'll be begging him to acquire more companies.
Murdoch and Dimon. One runs an organization that, as we now know, broke the law so many times it could be called a criminal syndicate. And the other is Rupert Murdoch. Yet Murdoch's fighting for his corporation's future while Dimon's name is being floated as a possible Treasury Secretary. Murdoch's losing his chance to expand market share, while our government helped Dimon's bank become more too-big-to-fail than ever by grabbing up Morgan Stanley.
Now that's juice. Murdoch's been a power broker on three continents and his Fox empire has reshaped this country's political landscape, but Dimon's taken the power game to a whole 'nother level. more »
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