Tag Archives: Great Meltdown

Fatal Risk

To FINANCIAL TIMES Letters Sir, FATAL RISK: A Cautionary Tale of AIG’s Corporate Suicide by Roddy Boyd, is a “sober work … researched extremely thoroughly,” FT, April 21, 2011, reports. AIG’s suicide “is one of monumental complexity.”  The mechanics of the … Continue reading

Posted in too titanic to obey law | Tagged , , , | Leave a comment

Colombian Friends Will Cause Havoc

JPMorgan Chase rigged the New York Stock Exchange, acquiring funds to acquire other banks, to balloon itself into Too Titanic to Let Sink, The Acquisitors, Chapter Four. JPMC then bought Madoff funds for itself and its customers. Through those banks it acquired, … Continue reading

Posted in Madoff funds, bankruptcy, competition, mortgages, takeovers, too titanic to let sink | Tagged , , , , , , , | Leave a comment

Break Back to Size

“We caused a lot of carnage…. Poor business judgments we made have affected Main Street,” Bank of America CEO, Brian Moynihan, told The Washington Post, December 5, 2010. But why would the nation’s largest bank make terrible mistakes spreading across the … Continue reading

Posted in Bank of America, competition, mortgages, takeovers | Tagged , , , , , , , , , | Leave a comment