Even as details trickle out about how JPMorgan Chase lost several billion dollars on derivatives trades, the essential unknowns continue to outweigh the knowns. This inevitable ignorance is worth keeping in mind as -- let us hope -- regulators focus on the latest fiasco as a teachable moment, and impose rules to protect taxpayers against another system-wide catastrophe.
Submitted by admin on Mon, 05/28/2012 - 12:10am
Note: Do not read on if you have not seen Season 1, Episode 7 of HBO's "Girls," entitled, "Welcome to Bushwick a.k.a. The Crackcident."
Excuse me if what I'm about to say sounds vaguely familiar, but oh, shit, fuck, are we supposed to like Adam now?
Submitted by admin on Sun, 05/27/2012 - 11:00pm
In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them.
Submitted by admin on Sun, 05/27/2012 - 9:01pm
We can best honor those who have given their lives for this nation in combat by making sure our military might is proportional to what America needs.
The United States spends more on our military than do China, Russia, Britain, France, Japan, and Germany put together.
Submitted by admin on Sun, 05/27/2012 - 8:51pm
Worrying about the fluctuating price of Facebook and whether Morgan Stanley properly managed the IPO misses the major historical and cultural point of what happened.
Submitted by admin on Sun, 05/27/2012 - 8:12pm
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