This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
Just this week, the Wall Street Journal reported that former Treasury Secretary and Harvard
President Larry Summers is “hell-bent” on becoming the next U.S. Federal Reserve Chairman.
The more important issue, however, is whether Americans should want Summers involved in such a prominent role in the global economy.
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and “The Coming Collapse of the Municipal Bond Market” (Aucontrarian.com, 2009…
In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial…
ForbesBernanke Says Volcker Rule Would Have Influenced JPMorgan LossSan Francisco ChronicleJune 20 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the Volcker Rule may have been able to influence the outcome of JPMorgan Chase …JPMorgan H…
Bernanke Says Volcker Rule Would Have Influenced JPMorgan LossBusinessweekFederal Reserve Chairman Ben S. Bernanke said the Volcker Rule may have been able to influence the outcome of JPMorgan Chase & Co.'s $2 billion trading …and more &…
Bernanke Says Volcker Rule Would Have Influenced JPMorgan LossBloombergFederal Reserve Chairman Ben S. Bernanke said the Volcker Rule may have been able to influence the outcome of JPMorgan Chase & Co.'s $2 billion trading …
CNBC.comGreenspan Unimpressed by JPMorgan Trading LossesCNBC.comFormer Federal Reserve Chairman Alan Greenspan isn't worried by the size of the losses at JPMorgan's chief investment office. His reaction: "So what?" For a bank with alm…
Wall Street JournalJPMorgan trading loss shows danger in bank size -VolckerReutersVolcker says JPM loss may show banks too big to manage * JPMorgan announced massive trading loss last month * Volcker has advocated for reducing risks in banks NEW YORK, …
Moneycontrol.comVolcker: JPMorgan loss shows banks too big to manageChicago TribuneFormer Federal Reserve Chairman Paul Volcker said JPMorgan Chase's recent multibillion-dollar trading loss may show that the nation's largest banks are too big t…
