Tag Archives: Fannie Mae

Emasculation of the Credit Raters

To the New York Times: Christine Lagarde, managing director of the International Monetary Fund, urges that major credit rating companies say nothing bad about the credit worthiness of sovereign nations [NYT, July 14, 2011]. She echoes President Obama’s plea that … Continue reading

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Opportunity Lost

JPMorgan Chase must grow bigger. It’s only our second largest bank now, assets: $2 trillion. But with more growth “We can give so much more, quicker, better, faster. Like Wal-Mart,” Jaime Dimond, JPMorgan Chase’s CEO, told The New York Times, Sunday Magazine, … Continue reading

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