An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, March 17, 2012
J.P. Morgan Chase's Ugly Family Secrets Revealed
Matt Taibbi shredding at Rolling Stone. Heavy handedness and thuggery at one of the banks that passed the "stress test" this past week.
So we have the Chicago mob running Washington and the New York mob running Wall Street. What else is new?
ReplyDeleteright Ryan,
ReplyDeleteThe "stress test" probably measured whether or not the bank was putting enough stress on the population... JPM checked out aok here.
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