Deutsche Bank may have avoided a bailout by the German government but borrowed billions from the US Federal Reserve and various programs during this period. So much for avoiding a bailout by pretending there was no risk of catastrophic losses during the financial crisis.
Archive for the ‘Food for Thought’ Category
I was asked to talk about HP and Autonomy tonight on NPR’s “All Things Considered” program.
I taped an episode of the Keiser Report last week while in New York. The focus was Jamie Dimon with a bit of MF Global thrown in for heat. Max Keiser, the host, asked me this question: Why does Jamie Dimon of JP Morgan Chase still have a job?
How can I leave my readers with something they’ll remember, something to lead them back to me, something that encourages them to tell a friend about me?
Chapter 21 of Sheila Bair’s book, “Bull By The Horns,” is a blow-by-blow account of the wrangling and dealmaking that resulted in two settlements that satisfy neither consumer advocates nor the borrowers that were harmed by abusive mortgage servicer activities.
Zynga is practically a wholly owned subsidiary of Facebook. At some point I think it will be, probably to actualize an online real-money gaming strategy.
Is this really the way to run a professional services firm?
The day my OpEd in the Financial Times was published, July 30, there were many other stories in other publications marking the occasion of Sarbanes-Oxley’s tenth anniversary. Most of them focused on the lack of prosecutions of CEOs and CFOs for false financial statement certification crimes.
We’re coming up on another weekend already and another summer holiday. Seems like we just enjoyed Memorial Day. Here in Chicago we wait all winter for summer so I don’t complain about the heat. I like the heat. Reminds me of Mexico…