Member Perspective: Occupy the SEC, JPMorgan-Chase, & the Volcker Rule
Through its London office, JPMorgan-Chase (JPMC) hedged its overall position and did so with a big enough splash (the Whale) to call attention to itself. It lost big and is still losing, but that fact...
View ArticleThe Need for Credit Derivatives Reform
JP Morgan’s loss shows exactly why we need an effective Volcker rule or a return of Glass Steagall, along with transparency in all derivatives, especially credit derivatives. While the markets are...
View ArticleMember Perspective: Bring Back Glass-Steagall
The recent brouhaha over the trading losses at JP Morgan’s Chief Investment Office (CIO) has revitalized support for the old Glass-Steagall Act, which created a regulatory wall between investment...
View ArticleMember Perspective: End This Depression: Replace Geithner With Krugman
Whose base is more energized? That will be a critical question for Obama and Romney come November. This Occupier fears that there is a ton of energy behind the side chanting “we are all in this alone!”...
View ArticleThe Need for Criminal Prosecutions to Redress the Bank Excesses of the LIBOR...
Enforcement of Regulations with the Resources to Seek Criminal Penalties Regulators must seek jail time to deter future criminal activity, especially after such egregious fraud as misquoting the...
View ArticleOccupy Wall Street: Two Years Later
Two years ago today, on September 17, 2011, Occupy Wall Street (OWS) was born. Spearheaded by the Vancouver-based progressive magazine Adbusters, a relatively small group of protesters set up an...
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