Bailout News CNBC Video: JPMorgan CEO Jamie Dimon Discusses Mark To Market Accounting

Comments

[Nicole]

I like the site changes. It looks very clean now.

[P-Owed]

Interesting that Dimon says he supports the current MTM rules.

I believe he would like to see C and BAC put fully into gov't hands.

He would certainly stand to gain under that scenario.

[DailyBail]

http://www.youtube.com/watch?v=qShPfwXbH-8

Short clip.

Joe Pesci versus Hank Paulson

[DailyBail]

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5920826.ece


Andrew Cuomo, New York’s Attorney General, who had demanded the information by 4pm yesterday, vowed to subpoena the insurer to force it to divulge the names, job descriptions and performance of the workers involved. He plans to investigate whether the bonus payments breached state law. The payments may be illegal if they were promised at a time when AIG knew that it did not have the cash to meet its commitments.

Seven London executives at AIG Financial Products (AIGFP) – the division responsible for the near collapse of the insurer – are known to have been granted at least $3 million each. These bonuses may yet be vetoed.

[DailyBail]

http://www.thebigmoney.com/blogs/sausage/2009/03/16/treasury-footnote-loses-billions

Treasury Footnote Loses Billions
An obscure TARP error may end up costing taxpayers even more.

[DailyBail]

http://www.huffingtonpost.com/william-black-tom-ferguson-rob-johnson-walker-todd/how-to-stop-aigs-bonuses_b_175351.html

How to Stop AIG's Bonuses

[DailyBail]

http://www.huffingtonpost.com/francine-mckenna/the-button-down-mafia-how_b_174496.html

The Button-Down Mafia: How the Public Accounting Firms Run a Racket on Investors and Thrive While Their Clients Fail

[DailyBail]

http://www.ft.com/cms/s/0/11fa4136-119f-11de-87b1-0000779fd2ac.html?nclick_check=1

China has lost tens of billions of dollars of its foreign exchange reserves through a poorly timed diversification into global equities just before world markets collapsed last year.

[DailyBail]

http://www.nytimes.com/2009/03/17/business/17wall.html?_r=1&ref=business

Goldman, which accepted billions of taxpayer dollars last fall and, as learned Sunday, was also a big beneficiary of the rescue of the American International Group, is offering to lend money to more than 1,000 employees who have been squeezed by the financial crisis. The loans, offered via e-mail last week, could range from a few thousand dollars to hundreds of thousands.

[DailyBail]

http://christyhardinsmith.firedoglake.com/2009/03/16/aig-scrutiny-basic-questions-for-media-and-congress-alike/

AIG Scrutiny: Basic Questions For Media And Congress Alike

[DailyBail]

http://www.huffingtonpost.com/2009/03/13/regulator-before-banks-co_n_174850.html

Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books

[DailyBail]

http://online.wsj.com/article/SB123721970101743003.html

Political Heat Sears AIG
Obama Vows to Block Bonuses, but It May Be Too Late; Firm Pressured to Repay U.S.

[DailyBail]

http://online.wsj.com/article/SB123725254307250097.html


Shovels Are There, but the Readiness May Not Be
As the Administration's Stimulus Plan Gets Under Way, Money for Road Repairs Hits the Streets -- and Some Bumps

[DailyBail]

http://online.wsj.com/article/SB123725254307250097.html


Congress pushes for uptick rule.

[DailyBail]

http://online.wsj.com/article/SB123724819808749105.html


By NAFTALI BENDAVID

As Washington wrestles with a once-in-a-generation financial meltdown, Sen. Chris Dodd has as much riding on the outcome as anyone on Capitol Hill.

As Senate Banking Committee chairman, the Connecticut Democrat will be able to claim credit for new financial regulations the public wants. But he also is a longtime friend of Wall Street, making him a convenient scapegoat if voters sour on the government's handling of the economic crisis.

[DailyBail]

http://online.wsj.com/article/SB123724778973648983.html


By NAFTALI BENDAVID

WASHINGTON -- Four months after Election Day, the fight over Minnesota's U.S. Senate seat drags on with no clear end in sight. And that may be working to the Republicans' advantage.

Party leaders say they are digging in for a prolonged legal process, keeping Democrats from claiming a seat they think is theirs -- and hampering the majority party's ability to push through its agenda.