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The Week's Most Popular Articles
- Five myths about independent voters and the corresponding "facts"- The Washington Post (11 comments)
- The Duopoly of the United States of America: Democrats and Republicans working hard for the 1% (LIVE POLL) (72 comments)
- President Obama's Wealth Level Makes Him One of the Elite 1% (37 comments)
- How badly has fracking polluted drinking water in Dimock, Pennsylvania (19 comments)
- JPMorgan Chase's $2 Billion Loss: Bank Hubris, Inadequate Regulation, and Nothing to Prevent another Meltdown (22 comments)
JPMorgan: Isn't life strange? | McClatchy
Seeded on Fri May 18, 2012 9:11 PM EDT (McClatchy)
By BART CHILTON By now, folks have heard much about the announcement that JPMorgan Chase had somehow lost $2 billion over a six-week period. In an irony of ironies, here's what one JPMorgan risk officer had to say about the behemoth bank just a few months ago: "Our metric of s …
Five myths about independent voters and the corresponding "facts"- The Washington Post
Seeded on Fri May 18, 2012 3:42 AM EDT (The Washington Post)
Myth: 1. Independent voters aren’t really independent. Fact: About half are, swinging from party to party. Myth: 2. Independent voters are less engaged.
Jesse's Café Américain: Hot Money Bets Backed By Taxpayers: The Extreme Moral Hazard of 'Too Big To Fail' - Credibilty Trap
Seeded on Wed May 16, 2012 10:02 PM EDT ()
It is not that Jamie Dimon does not know, or even that he cannot know, about the risky speculation in his firm. It is that the system is so designed now that in the long run he is heavily incented not to care, as long as he can maintain a plausible deniability. There are manage …
How badly has fracking polluted drinking water in Dimock, Pennsylvania
Seeded on Wed May 16, 2012 7:59 PM EDT (Truthout - All Articles)
The trouble started in 2008, when the wells used by several Dimock families were contaminated with methane. In 2009, fracking firm Cabot Oil & Gas was fined by state regulators for contaminating the wells with methane while fracking underground. Cabot routinely denies cau …
President Obama's Wealth Level Makes Him One of the Elite 1%
Seeded on Wed May 16, 2012 8:47 AM EDT (Yahoo! News)
President Barack Obama has $500,001 to $1 million in a JPMorgan Chase private client asset management checking account. "This is a checking account used by the president and the first lady," said White House spokeswoman Amy Brundage. The president's other principal assets …
A Risky Chase Bet Gone South, a Lack of Oversight, and JPM Chase Chairman Jamie Dimon
Seeded on Tue May 15, 2012 11:22 AM EDT (Truthout - All Articles)
While President Obama and his Hollywood apostles broke fundraising records at a sumptuous $40,000 per plate dinner at George Clooney's place, word of JPM Chase's 'mistake' rippled through the news. Not long ago, Dimon's name was batted about to become Treasury Secre …
BREAKING: Elizabeth Warren, Can She?
Seeded on Tue May 15, 2012 11:12 AM EDT (Truthout - All Articles)
It will be entertainment, Brown versus Warren, though with very serious consequences. The ordinary Massachusetts voters—the kind who doesn't tune in until the last minute—will have to choose between two story lines. They will talk about it this way: he's a small-town Wren …
Fables of Wealth
Seeded on Mon May 14, 2012 12:32 PM EDT (The New York Times)
Our most destructive lie, he added, “is that it is very easy for any American to make money.” The lie goes on. The poor are lazy, stupid and evil. The rich are brilliant, courageous and good. They shower their beneficence upon the rest of us.
The Duopoly of the United States of America: Democrats and Republicans working hard for the 1% (LIVE POLL)
Sat May 12, 2012 7:17 PM EDT
Many folks on the Vine are comfortable with the claim that the likely Republican candidate will be working hard and furiously for the 1%. It doesn't take a lot to realize that the same is also true of the Obama Administration. While one can make excuses for Obama, t …
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JPMorgan Chase's $2 Billion Loss: Bank Hubris, Inadequate Regulation, and Nothing to Prevent another Meltdown
Seeded on Sat May 12, 2012 12:57 AM EDT (The New York Times)
JPMorgan, like the nation’s other big banks, is still engaged in activities that can provoke catastrophic losses and, as things now stand, luck is the only thing preventing another meltdown. Bank regulators should start by adopting a forceful Volcker Rule. Proposed by Paul …
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