JPMorgan Chase

Jamie's going to Japan. Dealbreaker has a memo from JPMorgan Chase's senior executive in Japan which says CEO Jamie Dimon is on his way: "Colleagues from around the globe are heading here to pitch in. In addition to Jamie, we will be seeing ... others who are now booking their trips. more »

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Why don't the CEOs of AIG and JPMorgan Chase give a damn what you think? Because they don't have to. The Third Chamber of government, that unelected body of lobbyists and wealthy executives symbolized by the U.S. Chamber of Commerce, has insulated them from public outrage.

Chase CEO Jamie Dimon's nonstop narcissistic tirade against any and all criticism of banks is entering its third quarter. The CEO of AIG, a company I know from the inside, just insulted millions of his company's owners, rescuers, and customers. Every day brings more evidence of the Third Chamber's growing power. These CEOs and others like them will continue to be protected and enriched at public expense until more pressure is brought on politicians from the President on down to make it stop. more »

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People are debating the need for a "systemic fix"to address the foreclosure crisis. What we really need is a systemic redesign, from the ground up. Fortunately, the design was laid down centuries ago - by 800 years of law, and by the idea that free people are entitled to limit the unwarranted power of others over their persons and property. These principles are a good foundation for structuring future negotiation, legislation, or regulation.

The President wooed corporate executives this week with a Wall Street Journal editorial called "Toward a 21st Century Regulatory System." What we really need is a 21st century banking system, built on ancient principles and not fly-by-night profiteering.

You could encode those principles in a document and call it the Borrower's Bill of Rights. You could even call it the Mortgage Magna Carta, since some of the basic principles involved date back that far. more »

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I don't hate Jamie Dimon. He's smart and hard-working, and undoubtedly wants to believe that his work contributes to society. But his bank continues to harm millions of Americans, and his political activism is helping an entire industry pilfer and endanger the economy.

Now he's started to publicly express feelings of hurt and rejectedness, and therapists say such feelings may reflect a deep inner guilt. That would make sense. Fortunately, there's a way out, and we have a six-step program designed to heal Mr. Dimon's Inner Banker - and help save the economy. more »

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Jamie Dimon and the other mega-bankers who derailed the economy have a new PR campaign to sell you. They're saying that families who can't pay their mortgages must bear the blame - all the blame - for the foreclosure crisis. That means the public should just ignore banks' widespread lawbreaking in the registering and transfer of property titles. For the bankers who would appoint themselves the nation's moral arbiters, It's always somebody else's fault. more »

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Mort Zuckerman's recent opinion piece in the Financial Times, "Obama needs to stop baiting business," is a tawdry, sorry spectacle. Paul Krugman's already explained how Zuckerman, the publisher of US News & World Report and the New York Daily News, distorted the President's words with a little Andrew Breitbart-style editing. While Zuckerman's proclivity for truth-twisting isn't a complete surprise, here's what is: If he's not lying about how he and his fellow CEOs are managing their businesses, then he and his friends are also incompetent executives.

In fairness to Zuckerman, let me be clear from the outset: I don't think he's an incompetent executive. more »

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When it comes to the economy, the color of wisdom is orange. Some students at Syracuse University are protesting the selection of JPMorgan Chase CEO Jamie Dimon as their commencement speaker. They're absolutely right: Dimon's a poor role model. more »

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Like an cat burglar, Goldman Sachs leaves its fingerprints in the most unusual places. The news of Goldman's role in the Greek financial crisis isn't just a black eye for Wall Street. It's also a diplomatic disaster for the United States, whose government has become so intertwined with Goldman that this incident could endanger our relationship with the European Union. more »

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