White House chief of staff Rahm Emanuel and longtime Jamie Dimon acquaintance decides not to speak at the JPMorgan (JPM) board meeting this morning, apparently cowed by a NY Timesarticle that highlighted Dimon's sway on the Hill. Tim Geithner also declined, citing concerns he would appear 'too cozy' with the bank.
The biggest failure to the current presidency is allowing Summers, Geithner to remain in their 'cozy' jobs! It's a massive outrage--hopefully, Americans will finally react when the next crash hits this fall due to the jumbo loans, credit cards, and commercial real estate defaults: why aren't those boys telling us about this? They must be building their bomb-proof chalets somewhere in Switzerland!
MrBuzz: I am very interested in Blackstone Group right now. They are making some good moves. Steve S is almost as sharp as Pete P, almost ...hehe
about 2 hours ago
Keith Schaefer: US oil demand in October was slightly less than estimated and down ~5% from a year ago as economic recovery remained uneven-US gov't
about 4 hours ago
The EconomicJoker: I would not take seriously this holiday season jobs data which can be distorted by seasonal factors and poor reporting - Steven Hansen
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