This just floored me: “When I hear the constant vilification of corporate America, I personally don’t understand it,” Dimon said in his speech. “I would ask a lot of our folks in government to stop doing it because I think it’s hurting our country.” That is Jamie ...

Today at a conference at the Chamber of Commerce in Washington, J.P. Morgan CEO Jamie Dimon bemoaned the recent "vilification of corporate America." "I personally don’t understand it,” Dimon said in his speech. “I would ask a lot of our folks in government to stop doing it because ...

Jolly elfin' CEOs are in, color copies are out. No, just fucking. JPM, too, was profitable in January and February, according to Dennis Kneale who was supposedly told this information by Jamie Dimon....

Nationalization. Lots of people embrace the concept -- unfortunately, Barack Obama is not among them. He considers the idea of nationalizing the too-big-to-fail banks to be "simplistic." But is it not possible for a course of action to be both complex and foolish? Here's "Nationalization for Beginne...

WARNING: Long entry, but if you like detail, it's here, by subject head. I suddenly realized last night that--as I busily try to survive a paid of Wonker family layoffs, the destruction of our 401(k) portfolios, and the threat of the erosion of value vis-a-vis our real estate holdings--I hadn't upda...

Words from the (investment) wise for the week that was (March 2 – 8, 2009) “Down, down, deeper and down”. So goes the chorus of a Status Quo song, but it is eerily starting to sound like the stock markets’ anthem. Another week and another plunge of equities on fears about the int...

Daily Double: Mayer on CDS/Roubini on the Banks Below is an excerpt from our latest comment.  You can read the entire thing with the  great contribution from Marty Mayer on CDS and our comments on same at American Enterprise Institute yesterday in The IRA. – Chris Next we turn to our friend ...

About time: “J.P. Morgan Chase & Co. slashed its quarterly dividend late Monday to save $5 billion a year and said that its first-quarter has been “solidly profitable” so far. Shares of the giant bank climbed 4.7% to $20.42 during after-hours trading. The stock closed down 2% a...

Words from the (investment) wise for the week that was (February 16 – 22, 2009) A perfect storm of a deepening global recession and banking woes last week battered equities and supported the safe havens of the US dollar, government bonds and gold bullion. A dismal corporate earnings outlook, fears...

Video-o-rama: Stocks between a rock and a hard place > Stock markets remain caught between the actions of central banks frantically trying to fend off a total economic meltdown on the one hand, and a worsening economic and corporate picture on the other. Meanwhile, the Dow Jones Industrial Index ...