JPMorgan CEO Jamie Dimon: $2 Billion Trading... by IBTimesTV Caught in Wall Street Circle of Madness: Here we go again folks. Round and around and around we go, where we'll stop, nobody knows. Wall Street's recidivist nature over the last few years leaves one with little confidence, those in charge even have a clue or a care how their behaviors cyclicly and now predictably creates catastrophes for share holders, investors, and the general public. After key words and phrases like bank bailouts, finance reforms, deregulation, too big to fail and fraud were exposed as pillars of support for Wall Street's world of ill gotten gains, we thought MF Global would have been the last loud shoe to drop. We were wrong? What we are witnessing is the very definition of madness. Despite assurances that we don't need smarter, meaner and more powerful guard dogs for the hen house billions are continued to be wagered, lost, stolen, intentionally misplaced and or misappropriated. This is a tale that can be told every four to five years. Yet, for some weird reason, we either forget too quickly or forgive unconsciously. Watching Jamie Dimon try to spin his way back into the good graces of investors just left many with a queasy stomach. We have a clue that might help avoid the same pot holes and obstacles the next you round the track.
JPMorgan CEO Jamie Dimon: $2 Billion Trading... by IBTimesTV Caught in Wall Street Circle of Madness: Here we go again folks. Round and around and around we go, where we'll stop, nobody knows. Wall Street's recidivist nature over the last few years leaves one with little confidence, those in charge even have a clue or a care how their behaviors cyclicly and now predictably creates catastrophes for share holders, investors, and the general public. After key words and phrases like bank bailouts, finance reforms, deregulation, too big to fail and fraud were exposed as pillars of support for Wall Street's world of ill gotten gains, we thought MF Global would have been the last loud shoe to drop. We were wrong? What we are witnessing is the very definition of madness. Despite assurances that we don't need smarter, meaner and more powerful guard dogs for the hen house billions are continued to be wagered, lost, stolen, intentionally misplaced and or misappropriated. This is a tale that can be told every four to five years. Yet, for some weird reason, we either forget too quickly or forgive unconsciously. Watching Jamie Dimon try to spin his way back into the good graces of investors just left many with a queasy stomach. We have a clue that might help avoid the same pot holes and obstacles the next you round the track.
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