Archive | Newsmakers RSS feed for this section
Jamie Dimon Deserves A Raise

Jamie Dimon Deserves A Raise

“Bad Bet” Loss Now at $9 Billion Just when we thought it was over, looks like that big JPMorgan Chase loss of “only $2 billion” was the end of the beginning. When testifying before Congress, Jamie Dimon admitted it might double.  As of today, the estimate is $9 billion, more a quadruple.* The JPMorgan Chase […]

Read full story Comments Off on Jamie Dimon Deserves A Raise
Jamie Dimon's "Remote Event" Defense

Jamie Dimon’s “Remote Event” Defense

What does “remote event” mean in Corp-Speak? Jamie Dimon told congress the JPMorgan Chase $3 billion loss was a “remote event.” Given the worshipful regard for Dimon by both the financial community and the US Congress, Jamie Dimon’s words deserve scripture-like scrutiny. The key word is remote. Remote varies with context: Psychologically it means out […]

Read full story Comments { 1 }
Eight Tweets for Prince Walid

Eight Tweets for Prince Walid

He’ll Show The Princess He Too Can Tweet Saudi Prince Buys Stake In Twitter Prince Walid bin Talal of Saudi Arabia has taken a $300 million stake in…Twitter.[His] wife, Princess Ameerah Al-Taweel is an avid user with 84,000 followers.–New York Times, December 20, 2011, page B1 The Princess, half the Saudi kingdom and all of the […]

Read full story Comments Off on Eight Tweets for Prince Walid
mitt_romney1

Gingrich and Romney Agree

Both Warn of Dangers Posed by Consumerists In spite of otherwise wide differences, in Iowa Newt Gingrich and Mitt Romney have temporarily found a slice of common ground. Each went to one of Iowa’s two leading universities to warn students that today’s consumerists could be tomorrow’s troublemakers. Speaking to a conservative group at the University […]

Read full story Comments Off on Gingrich and Romney Agree
Presidential Concern for Consumers

Presidential Concern for Consumers

Is No Concern Answer the Answer? No surprise, not one of the 10 presidential candidates has responded to my consumerist question, What, if anything, would you do about telemarketing abuses of consumers? None went for my offer to print—unedited—their responses of up to 300 words. (In fairness, candidate Gary Johnson put me on his e-mailing list.) […]

Read full story Comments Off on Presidential Concern for Consumers
Warren

OBAMA THROWS WARREN UNDER THE BUS

Financial Services Industry Protected From Consumers Whew! It was a close call. The financial services industry almost got the regulator they feared the most: Elizabeth Warren as Chief of the Consumer Financial Protection Bureau (CFPB). She could have been the end of financial services as we know it and are abused by it. She wanted […]

Read full story Comments Off on OBAMA THROWS WARREN UNDER THE BUS
THERE THEY GO AGAIN

THERE THEY GO AGAIN

The Lady Terrifies Them No one talks back to Chairman Patrick McHenry when testifying before his congressional oversight committee. That is, no one except Elizabeth Warren. He is the Republican representative from North Carolina. She is the Harvard professor temporarily appointed to head up the new Consumer Financial Protection Bureau. She is particularly irksome to […]

Read full story Comments Off on THERE THEY GO AGAIN
Is Trump About To Be A Consumerist?

Is Trump About To Be A Consumerist?

Donald Trump is looking for a new ratings booster. Interest in the birth certificate “issue” is now confined to registered members the Flat Earth Society. What’s next? Abuse of consumers by corporations? It is always there for a politician willing to forego corporate campaign contributions, which may be why most political figures dodge the issue. […]

Read full story Comments Off on Is Trump About To Be A Consumerist?