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Five years ago today, the largest Ponzi scheme in history was revealed.  As the New York Times recently reported, Bernie Madoff’s massive, decades-long fraudulent scheme was “breathtaking” in... Read More
  The Department of Justice (DOJ) settled innumerable, undisclosed claims and cases related to the worst financial crash since 1929 with JP Morgan Chase for the unprecedented amount of $13 billion. Equally... Read More
President Obama recently nominated senior Treasury official Timothy Massad to replace Gary Gensler as chairman of the CFTC. Better Markets issued a press statement on this nomination, read it here. Read Better... Read More
Most have heard by now about JP Morgan Chase's laughable twitter campaign blow up over the hashtag #AskJPM.  Even JP Morgan Chase has tried to laugh it off with a spokesperson saying "#Badidea! Back... Read More
Based on a study by the Office of Financial Research of the asset management industry, the Financial Stability Oversight Council will study whether BlackRock and Fidelity pose risks to the financial system. The OFR study... Read More
  On November 6, 2013, Better Markets sent a letter to Attorney General Eric Holder, urging the Department of Justice to require comprehensive public disclosure of the details of JP Morgan Chase’s... Read More
Budget woes are creating major challenges for the CFTC as it struggles to adequately regulate Wall Street on a Congressionally-mandated shoestring budget. The CFTC oversees the $650 trillion swaps and futures markets with a... Read More
It is very difficult in 2013 to remember what it was like 5 years ago when the 4th largest investment bank, Lehman Brothers, failed and filed for what is still the largest bankruptcy in US history.   It... Read More
JPMorgan Chase has reached a settlement of $13 billion with the Department of Justice over JPMorgan’s sale of troubled mortgage investments. The New York Times details the negotiations that led to this agreement here... Read More
Fact Sheet on the Jamie Dimon/JP Morgan Chase Settlement with the Department of Justice   The reporting on the possible JP Morgan Chase settlement with the Department of Justice has focused on the seemingly very... Read More
JP Morgan Chase’s CEO Jamie Dimon is not being picked on; he’s not being targeted; and, he’s not being blamed for the conduct of others.  He is reaping what he himself sowed and he should be prosecuted... Read More
It’s been common for a long time now, but it is still shocking at how many media outlets and journalists, including the very best, still never make the connection between the Fed/Fed policy and the financial crash of... Read More
"Money, Power & Wall Street," the can’t-miss PBS Frontline documentary on the inside story of the financial crisis, has won an Emmy for “Outstanding Business and Economic Reporting – Long Form... Read More
Despite the broad nature of the hearing title, the focus of the meeting concerned a contentious provision in a rule proposed by the CFTC last November, in part, to address problems created by the mismanagement of the... Read More
July 10, 2013 was Christmas Day for felons and a dark day for investors. That’s when the SEC adopted a new rule allowing previously convicted felons and other bad actors to continue selling unregistered securities to... Read More
Criticism of AIG paying bonuses to its employees after being bailed out by US taxpayers is as bad as murdering thousands of African Americans by hanging during the reign of terror know as Jim Crow. That's... Read More

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