JPMorgan Loses $2 Billion; Still Beats Postal Service

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) ...

JPMorgan Chase Losses: No Reason for More Regulation

JPMorgan Chase’s announcement that it has lost $2 billion in a failed hedge strategy sent shock waves through the financial world yesterday. And in Washington, the reaction has had a ...

Index of Economic Freedom: A Must Read for Dr. Kim

Dr. Jim Yong Kim, the U.S. nominee for the next chief of the World Bank, has been on a “global listening tour.” Kim’s meet-and-greet tour has been billed as an ...

Iran Banks Cut Off from SWIFT System

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced Thursday that it is cutting off some 30 Iranian banks and subsidiaries from its network, as part of global efforts ...

Geithner Draws Wrong Dodd–Frank Lessons and Forgets Fannie Mae

There were plenty of lessons to learn after the financial crisis of 2008. Unfortunately, neither Congress nor the Obama Administration was willing to take the time to learn them. Instead, ...

Iceland Proves U.S. Got It Wrong

Iceland is in a true recovery, the their bond rating was raised in a world where everyone’s is being down graded. They let their banks fail and let losses be ...

Iran Says Europe Hurting Itself With Sanctions

Iran continues to claim it is reaping the rewards of European sanctions even amid a deep currency crisis that rocks Tehran. In fact, the oil ministry in Tehran claims the ...

Obama Likes Banks

Two of 13 “demands” posted on the website of the Occupy Wall Street protesters Sept. 25 were for “free college education” and for forgiving student loans (and all other debts.) ...

Saudi Hacker Publishes 11,000 More Israeli Credit Card Numbers

Saudi hacker “0xOmar,” who succeeded in hijacking at least 15,000 Israeli credit card numbers, published the details of 11,000 more cards Thursday. More than half of these are out of ...

Guest Blog: Rep. Ed Royce on the Small Business Lending Fund

The Small Business Lending Fund was cleverly named by its authors last Congress. Since its implementation, however, it would appear a more appropriate name would be the Bailed Out Bank ...