by Richard Eskow | May 21, 2012 | Blog
When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and maybe more. Apparently it is more - a lot more. People in a position to know are saying the real figure is...
by Richard Eskow | May 17, 2012 | Blog
Most observers are missing the point. When CEO Jamie Dimon announced that JPMorgan Chase had incurred at least $2 billion in losses from risky, unsecured, derivatives-types trading, it uncovered the scandal of our time once and for all. The Chase disaster gives us a...
by Richard Eskow | May 16, 2012 | Blog
Today a bunch of rich white guys held a "Fiscal Summit" and agreed that: 1. Despite the fact that unemployment is causing untold suffering for millions of people, it's not very important. 2. Despite the fact that wage stagnation is destroying the middle class, that's...
by Richard Eskow | May 15, 2012 | Blog
Heard about the meeting that's being held to decide your economic future? If the answer's "no," don't feel bad: That's because you weren't invited. But Tim Geithner was. So was Rep. Paul Ryan, the Republican member of Congress whose radical right-wing plans for...
by Richard Eskow | May 15, 2012 | Blog
Everybody knows that Paul Krugman is a Nobel Prize-winning economist, a sometimes combative columnist and a liberal lion. But in a conversation which aired this weekend we learned more about his personal response to an ongoing crisis he describes as "really nasty,"...
