ONE PERCENT GREED FACTOR
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Google Reveals Microsoft's Piracy Problems
Google reveals that most of the requests for removal of links for copyright violations are those for Microsoft products (Image: DavidWees (CC) via Flickr)
While on Fox & Friends this morning, Stuart Varney told the hosts, "The people who are organizing, directing, and funding the anti 1% (i.e. Occupy Wall Street) movement are in the 1% themselves."
Video: Occupy's union enablers are the one percent
Austerity Economics
Timothy Noah has written a graceful book on income inequality in America, based on his prize-winning 2011 series for Slate.
America's idiot rich - Income inequality
Jamie Dimon: Impact of Greek Default on US Banks Almost Zero
If truth be told, a hard Greek default would VAPORIZE JP Morgan due to BILLIONS in credit default swaps sold by The Morgue to holders of Greek debt- if not instantly, by starting a domino cascade that would vaporize at least a dozen Western banks when the dominoes toppled Italy and Spain.Goldman looks on the bright side of Volcker rule | Reuters
(Reuters) - Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability. A harsh interpretation of the rule, which bans speculative trading by commercial banks, could help return-on-equity levels because banks would be able to demand more money from clients for executing trades, Goldman Sachs Group Inc Chief Financial Officer David Viniar said at a Credit Suisse conference in Miami. "Regulation will undoubtedly bring about new ways in which the industry must manage its operations and deliver its services to clients," Viniar said, but regulatory challenges "must be effectively navigated in order to provide shareholders with acceptable returns."
JP Morgan Foreclosing On Former Civil Rights Activist | The Blue States
Helen Bailey JP Morgan is in the process of foreclosing on Helen Bailey, a 78-year-old former civil rights activist and current resident of Nashville, Tennessee. According to change.org, she is being foreclosed on because she cannot keep up with her mortgage payments.Press favorite Jamie Dimon’s JPMorgan Chase is paying $110 million to settle a class-action suit against it for gouging its customers on overdraft transactions. The bank, like many others , artificially re-ordered transactions to clear from highest to lowest in order to trigger more overdrafts . Obviously, $110 million is a lot of money in almost contexts—even for investors of a bank that’s way too big to fail.
Mostly Skimpy Coverage of JPMorgan's Overdraft Settlement : CJR
President Obama hailed a landmark deal struck Thursday with the nation’s largest banks over alleged foreclosure abuses, arguing it will help millions of people dealt a blow by the sagging housing market. Under the agreement reached Thursday, large banks — including JPMorgan Chase, Bank of America and Citigroup — are expected to pay approximately $26 billion to cover refinancing costs for homeowners and reimburse them for shoddy foreclosure practices. The investigation began in late 2010 over “robo-signing,” a practice in which lenders signed off on foreclosures without thoroughly examining the contents and verifying the information.
Obama says $26 billion deal with banks will help millions of homeowners - TheHill.com
It’s finally here: a massive settlement , worth $25 billion, with five major banks over mortgage fraud abuses. The federal government and forty-nine state attorneys general—Oklahoma’s Scott Pruitt wouldn’t sign on because he doesn’t think banks should see any penalty—reached the agreement with JPMorgan Chase, Bank of America, Wells Fargo, Ally Financial and Citigroup last night, and the deal was announced this morning in Washington.
Mortgage Settlement Reached: A Beginning, Not an End | The Nation
Landmark settlement announced on foreclosure, mortgage fraud - The Washington Post
The government’s $25 billion settlement Thursday with banks over fraudulent foreclosure practices begins a long-promised reckoning with the financial industry over its role in the worst economic crisis since the Great Depression, officials said.
FITCH GOES ON RAMPAGE: CUTS SPAIN, ITALY, BELGIUM, CYPRUS, AND SLOVENIA
Borrowing costs have been sinking for these countries lately–particularly for Italy and Spain—after the European Central Bank announced liquidity support measures in early December that have lessened mounting worries about the health of the banking system.Have Coffee Will Write » Blog Archive » THE FED’S 1% MONEY FOR NOTHING POLICY…
(1) In the case of TARP, at least The People’s representatives got a vote.Dec. 20 (Bloomberg) -- JPMorgan Chase & Co.'s Jamie Dimon, the highest-paid chief executive officer among the heads of the six biggest U.S. banks, joined billionaires including hedge-fund manager John Paulson and Home Depot Inc. co-founder Bernard Marcus in using speeches, open letters and television appearances to defend themselves and the richest 1 percent of the population targeted by Occupy Wall Street demonstrators. Sheila Dharmarajan reports on Bloomberg Television's "InBusiness With Margaret Brennan."
Dimon Joins Billionaires to Debunk Attack on Top 1% - Video - Bloomberg
The American Federation of State, County & Municipal Employees is a big and powerful union, with 1.6 million members. Its pension plan – an institutional investor with more than $850 million in assets – is now trying to throw some of its weight around in an area of particular interest, and for reasons of particular interest, to us here at the Financial Fraud Law Blog. Its target: the CEO and chairman of the board of JPMorgan Chase, Jamie Dimon.
‘Most Dangerous Man In America’: JPMorgan’s Jamie Dimon? | Financial Fraud Law
For Goldman Sachs ( NYSE:GS ), it was a tough 2011 but they held their own.
Goldman Sachs Could Double Its Assets By Acquiring Deutsche Bank | Wall St. Cheat Sheet
CLINICAL INSANE GREED