losses

A new Senate report shows that last year JPMorgan Chase, the country's biggest bank, manipulated documents and ignored internal controls as they built up trading losses. Jamie Dimon, the chief executive, also withheld information from regulators. Read more...
Cenk Uygur asks "Is it time to start the financial Armageddon clock?" Read more...
Bank of America's top executives neglected to tell their shareholders about the losses at Merrill Lynch before completing the $50 billion purchase of the company in 2008. Shareholders were instead told of projections showing the deal would Read more...
JPMorgan Chase CEO Jamie Dimon has been one of the most outspoken critics of the Volcker Rule, a section of the Dodd-Frank Act that aims to keep the banks in which you deposit your money from gambling it on their own sometimes-risky investments... Read more...
JPMorgan Chase has disclosed $2 billion in lossesfrom a trading group’s credit investments, causing the bank’s share price to plummet in after-hours trading. Via: Jamie Dimon, the chief executive of JPMorgan, blamed “errors, Read more...

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JPMorgan on Friday reported a 23 percent decrease in profits for the last three months of 2011 as a result of big losses in its investment-banking and trading divisions. Read more...
Keith Olbermann talked to Sam Seder about this report from The Hill where it looks like the DSCC is cutting their losses with Blanche Lincoln in Arkan Read more...
So. In response to a Politico piece in which the authors and White House whine about the left wing blogosphere not being happy with all of Obama's "w Read more...
The other day, Krugman wrote that we're in the beginning of a new Long Depression. Forgive me, but he's wrong: this isn't the beginning, it's been Read more...
This should work. But should it take a major outcry to make President Obama step up his game? WASHINGTON — President Obama will use his firs Read more...