Tag Archive for Billion Dollars

JPMorgan Debacle Points to Regulatory Incompetence, Corruption – CNBC

By: Peter Morici President Obama is shameless to cite J.P. Morgan’s $3 billion trading loss as evidence banks need more regulation. More accurately, both may need more of a conscience, and the debacle raises serious questions about incompetence and corruption at the Federal Reserve, Treasury’s Comptroller of the Currency and Obama White House. Those two agencies…

Mr. Parasite Goes To Washington

We all know the story. An energetic, successful person from industry sets off to use his skills as a reform minded public servant. Voters’ imaginations are captured by the opportunity to have someone of proven ability transform government, forge better policy and make it more effective at spending our resources. Now we know the sadistically…