By Eliot Spitzer What to do with Jamie Dimon? The CEO and Chair of JPMorgan Chase has tried so hard in the past several years to…
It was the risk model, an inherent flaw discovered after the fact but in time enough to pass the bag onto others. This is the big one’ says one chieftan, ‘just the start, most of us won’t make it past next week. This will destroy the firm. But what oth…
The problem with mortgage fraud wasn’t broker compensation: it was the ease of the fraud and the incentives throughout the food chain for collusion. New Fed rules simply wipe out competitors to the “too big to fail” mortgage banks.
Why are we not …
Jim Chanos, founder of hedge fund Kynikos Associates, is arguably the most well-known short-seller in the world, having predicted the high-profile demise of companies like Enron. Now, Chanos is setting his sights on China, the world’s second largest…
