Tim Geithner and Jamie Dimon Under the Microsope

http://www.minyanville.com/businessmarkets/articles/geithner-dimon-jpmorgan-economy-treasury-fed/2/16/2010/id/26880

The financial industry has turned into some sick sort of make your own rules up Monopoly,where anything goes.
There is no question any more that they knew what they were doing.
The only question that remains is why haven't arrests been made?


Inquiring minds are reading the Financial Times article -- Fed carries losses from Bear Stearns portfolio -- to spot lies made by Treasury Secretary Tim Geithner (then president of the New York Fed) and Jamie Dimon, current CEO of JPMorgan Chase (JPM).


The US Federal Reserve is sitting on significant paper losses on the real estate assets it acquired in the Bear Stearns rescue, with much of the red ink coming from debt used to back some of the most high-profile buy-out deals of the bubble years.

Why Jamie Dimon Wants to Silence Paul Volcker

http://finance.yahoo.com/techticker/article/369201/Why-Jamie-Dimon-Wants-to-Silence-Paul-Volcker

Outstanding video

This week marks the 10-year anniversary of one of the great bipartisan failures in modern American history: the repeal of Glass-Steagall.
On November 12, 1999, President Bill Clinton signed the Gramm-Leach-Bliley Act, which repealed the Depression-era separation of commercial and investment banks.

Repealing Glass-Steagall was "obnoxious" and a bipartisan "absurdity," says Charlie Gasparino, author of The Sellout and CNBC's on-air editor. The end result of the repeal was you have "taxpayers subsidizing risk-taking" on Wall Street, he continues. "It's the most anti-capitalist thing I've ever heard of in my life."