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Bankers Without a Clue
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In comments to the Financial Inquiry Commission bankers Blankfein and Dimon show a lack of comprehension of the magnitude of the global financial crisis and their role in it. Blankfein says this kind of crisis was a once in a 100 years event and one should't react. Dimon says such crises happen every 5 to 7 years and is not something to get overly concerned about. And they offer no solutions or problem solving ideas, except to resist any form of regulation that would strictlly limit damage from a future crisis.
The U.S. Financial Crisis Inquiry Commission
01/14/2010
Phil Angelides, California state Treasurer, heads the commission. The commission will attempt to get at the roots of the financial crisis, keep the public informed about why this happened, and bring those who violated laws to the attention of the nation's law enforcement agencies.
Grouped Articles
Panel Told of F.B.I. Efforts to Fight Financial Crime
New York Times 01/15/2010
Wall St. Ethos Under Scrutiny at Hearing
New York Times 01/14/2010
Few Burns for Four Bankers on the Hot Seat
New York Times 01/14/2010
Voices That Dominate Wall Street Take a Meeker Tone on Capitol Hill
New York Times 01/14/2010
Financial Inquiry Widens to Include Past Regulators
Wall Street Journal 01/14/2010
New York Times 01/15/2010
Jamie Dimon, CEO of JP Morgan Chase bank
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
A Call for New Blood on the JPMorgan Board
New York Times 05/05/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
Wall Street Journal 05/22/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Goldman Sachs CEO Blankfein.
10/10/2009
Goldman and its CEO continue to be unpopular with a public that is unhappy with the government help to the banks. Large bonuses make the situation even worse.
Grouped Articles
Goldman Bets Less and Takes Hit
Wall Street Journal 07/20/2011
Wall Street Journal 07/23/2013
Senior Executives at Goldman Had a Role in Mortgage Unit
New York Times 04/18/2010
Wall Street Journal 04/20/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
The culture at Wall Street bank Goldman Sachs
01/15/2010
Grouped Articles
Goldman Bets Less and Takes Hit
Wall Street Journal 07/20/2011
On Wall St., A Culture of Greed Won't Let Go
New York Times 07/15/2013
Wall Street Journal 07/23/2013
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Goldman Sachs, Buying Redemption
New York Times 10/26/2013
Goldman Sach's Short of the Housing Market
01/09/2010
Grouped Articles
BusinessWeek 04/01/2010
New York Times 04/17/2010
Goldman Faces Record Payout in Mortgage Case
Wall Street Journal 07/29/2014
Misdirection in Goldman Sach's Housing Short
New York Times 06/16/2011
Goldman's Shares Tumble as Blankfein Hires Lawyer
New York Times 08/22/2011
Public Rebuke of Culture at Goldman Sachs
New York Times 03/14/2012
A behind the scenes account of JP Morgan Chase CEO Jamie Dimon's discovery and response to large losses
01/15/2010
Dimon's first encounter with the losses at the bank was through an account of Chief Investment Office trader Iksil's trades in the Wall Street Journal on April 6, 2012. The trader was referred to as the "London Whale" and large losses were mentioned. This has raised questions about whether banks of the size of JP Morgan can even be effectively managed by a CEO. The decision by the U.S. Federal Reserve, Treasury and regulators to encourage the merger of failed financial firms Bear Stearns and Washington Mutual with JP Morgan Chase- ostensibly because no mechanism to wind down such firms existed- not only created a mega bank but also created additional risks from banks too big to manage.
Grouped Articles
Wall Street Journal 05/04/2013
'London Whale' Penalties Put at $500 Million to $600 Million
Wall Street Journal 08/28/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
New York Times 10/15/2013
J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department
Wall Street Journal 10/20/2013
JP Morgan Chase bank CEO Jamie Dimon's views on banking, executive pay and regulation in the U.S.
01/15/2010
Grouped Articles
Wall Street Journal 05/04/2013
J.P. Morgan Battle Doesn't End With Dimon
Wall Street Journal 05/09/2013
For Dimon, Now Is Time for Renewal
Wall Street Journal 05/27/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
Dimon Vows to Fix JP Morgan's Compliance Problems
New York Times 09/17/2013
SEC Wants Boss-Employee Pay Gap on Display
Wall Street Journal 09/19/2013
The trader culture of Wall Street and firms like Goldman Sachs that worshipped values that were the opposite of what were handed down by our forefathers for generations.
02/11/2009
Trader Monthly shows these values in its content which glorified a culture of extravagant spending, and a sense of entitlement based on a pugnaciopus culture that felt that it delivered. Except that it was misallocating capital on a massive scale disrupting the delicate workings of the capitalist economy.
Grouped Articles
On Wall St., A Culture of Greed Won't Let Go
New York Times 07/15/2013
Wall Street Journal 07/23/2013
BusinessWeek 04/01/2010
Exit Shows Blankfein Still Rows Goldman
Wall Street Journal 10/22/2013
A Moot Effort to Burnish the Reputation of Goldman Sachs
New York Times 10/23/2013
Goldman Sachs, Buying Redemption
New York Times 10/26/2013
Goldman Sachs, Paulson, and the S.E.C. suit in the Abacus case.
05/04/2009
Paulson had Goldman Sachs structure as ecurity out of handpicked bad apples in the mortgage securities market, Goldman then sells these securities to institutional investors without disclosing what Paulson had done and without disclosing that Paulson had bet heavily against them.
Grouped Articles
BusinessWeek 04/01/2010
New York Times 04/17/2010
Abacus Deal: As Bad as They Come
Wall Street Journal 04/20/2010
Wall Street Journal 04/20/2010
Economist 04/29/2010
SEC Tries to Rebuild Its Reputation
Wall Street Journal 09/12/2013
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