Photograph by Jose Cabezas/AFP/Getty Images
Soldiers of the 4th brigade combat team 4th infantry division of the U.S. Army dispose of waste left by mortar rounds at the Forward Operating Base Joyce, in the Kunar province in Afghanistan on August 20, 2012.
Deficit Reality: Not DC Talking Point
To solve a problem requires knowing that problem: analyzing it, diagnosing it and then treating it. Yet when it comes to the deficit, Washington is woefully ignorant. A Bloomberg Government study, “What Really Caused the Mounting Federal Deficit”, provides a...
Read more »Mr. Dimon Goes to Washington
The highly vaunted hearing is almost upon us. Tomorrow, Jamie Dimon, CEO of JPMorgan Chase & Co. will be the sole witness at a Senate Banking Committee hearing, “A Breakdown in Risk Management: What Went Wrong at JPMorgan Chase?” It...
Read more »Higher Capital Ratios: It’s the Market, Stupid
Since the financial crisis, the U.S. banking system has made material steps to increase the quality and quantity of capital which it uses to fund its business. As a result, the financial system is much sounder because banks have far...
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Photograph by AP Photo
Meeting with President-elect Richard Nixon are from left standing: Bryce Harlow, assistant to the president; Paul McCracken, Chairman of Economics Advisors, Alan Greenspan, advisor to Nixon, Dr. Arthur Burns, seated left, Nixon, and Rep. Wilbur Mills, chairman of the House Ways and Means Committee in New York City on Dec. 4, 1968.
The Fed and the Election Cycle
The Fed is meant to be independent and free from political pressures emanating from Congress or the White House. That hasn’t always been the case. For instance, back in the early 70s, Fed Chairman Arthur Burns was pressured by Richard...
Read more »Has JPMorgan’s Dimon Changed His Tune on Regulation?
Jamie Dimon knows more than anyone else that many onlookers are enjoying his recent discomfort. Announcing to the world a mea culpa is never fun, but because Dimon has seemingly been such a vocal critic of regulatory overreach, $2 billion...
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