By Chris in Paris on 5/21/2012 11:37:00 AM

For the smartest guys ever who know risk better than any other bank, they look like the Keystone Kops. Even more disturbing is that there still are plenty of people who continue to think that the JPMorgan team is run by brilliant people.

I mean sure, besides losing badly elsewhere and launching a ( Read more... )

Cynthia Freeland has an excellent article called "The Rise of the New Global Elite" in the Atlantic.  It explores the yawning gulf between the interests of this global economic elite and ours and the backlash that is forming.   Here's an expansion of her drivers of the winner take most economy.  They are, in order of onset:

1. Financialization.   ( Read more... )

Freddie Mac official found dead in apparent suicide
WASHINGTON - David Kellermann, the acting chief financial officer of mortgage giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide ( Read more... )

From The Talking Points Memo, apparently someone overheard some detail from a meeting President Obama had with some bank CEOs:

"These are complicated companies," one CEO said. Offered another: "We're competing for talent on an international market ( Read more... )

CNBC/Reuters: CEO confidence plunges around the globeConfidence among leaders of the world's top companies meeting in Davos has nosedived to a new low, with recession and a worsening credit crisis torpedoing faith in corporate prospects ( Read more... )