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    • JP Morgan Chase

    Boehner Is Right: Tell the Wall Street Moguls “No Tax Hikes”

    October 9, 2012 at 5:07 pm

    4 Comments

    boehner-7-25-11

    Speaker of the U.S. House of Representatives John Boehner (R-OH) has made clear that he opposes tax hikes on Americans. Tax hikes would slow the economy even more and kill jobs. But some “titans of finance” want Congress to hike your taxes. Lloyd Blankfein of Goldman Sachs uttered to Politico … More

    Infographic: JP Morgan Chase and the Loss in Perspective

    May 17, 2012 at 3:00 pm

    4 Comments

    JPMorgan-Chase-loss-sm

    JP Morgan Chase’s $2 billion loss on a hedging strategy doesn’t mean that the bank is in crisis, and it certainly does not mean the government needs to step in. JP Morgan Chase is a $2.3 trillion bank with a net worth of $189 billion. While the bank’s loss represents … More

    Morning Bell: Don’t Fear the Free Market

    May 15, 2012 at 8:55 am

    46 Comments

    jp-morgan

    The lingering headline on the front pages this week is that JP Morgan Chase suffered a massive loss on a hedging strategy, costing them $2 billion. That’s no small mistake, and it’s an example of how bad decisions in the free market can cost big money. But just because mistakes … More

    JPMorgan Loses $2 Billion; Still Beats Postal Service

    May 13, 2012 at 9:41 am

    16 Comments

    jpmorgan-building

    JPMorgan Chase’s $2 billion trading loss is top news nationwide. But over at the U.S. Postal Service (USPS), such losses are business as usual. USPS reported a typical (for it) $3.2 billion loss for the most recent quarter. Try that comparison on for size. JPMorgan Chase incurred a “whale” of … More

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    The Morning Bell
    Ed Meese: We’ve Seen the Effect of “Amnesty” BeforeExperts can’t always predict exactly how public policy will affect the nation, despite our best efforts. But when it comes to immigration policy, we have tried many of the types of reforms advocated by today’s Gang of Eight—so we should consider the effects these reforms had in the past. In … MoreMore
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