Georgetown Professor Tells Congress: “Citigroup, Bank Of America, JPMorgan & Wells Fargo Are All INSOLVENT”
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JP Morgan
Dollar to Become World’s ‘Weakest Currency,’ JPMorgan Predicts
Shigeki Nozawa Bloomberg The dollar may fall below 75 yen next year as it becomes the world’s “weakest currency” due to the Federal Reserve’s monetary-easing…
Max Keiser: Kill JP Morgan With a Silver Bullet
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Oil could hit $100 a barrel soon, JP Morgan predicts
China’s economy was quick to recover from the global downturn and has been growing at a spectactular pace, resulting in rampant demand for oil Julia…
Shock Therapy for Wall Street: Banking Giants Suspend Foreclosures
Ellen H. Brown Web of Debt “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them…
JPMorgan Suspending Foreclosures
David Streitfeld The New York Times In a sign that the entire foreclosure process is coming under pressure, a second major mortgage lender said that…
Morgan Stanley Says Government Defaults Inevitable
Matthew Brown Bloomberg Investors will face defaults on government bonds given the burden of aging populations and the difficulty of securing more tax revenue, according…
Local Governments Fall Victim to ‘Exotic Deals’ by Banks
Exotic Deals Put Denver Schools Deeper in Debt Gretchen Morgenson NY Times In the spring of 2008, the Denver public school system needed to plug…
JPMorgan Chase Earnings Jump 76%
Dan Burrows Daily Finance JPMorgan Chase’s (JPM) second-quarter earnings rose 76% to easily top Wall Street estimates as lower losses on bad loans more than made up…