Financial and Securities Regulations Blog
Legends often die a slow, painful death on Wall Street with an inevitable collapse at the end. That was the story for Lehman Brothers, Bear Stearns, and a host of others. It is also a pattern that seems to be repeating itself with Jamie Dimon, the venerable Chairman and Chief Executive Officer of JP Morgan, considered by many to be the standard bearer for blue chip banking firms. Like so many others, however, JP Morgan … [Read more...]
By Anna Timone “ The Treasury Department on Friday will suspend sales of state and local government Treasury securities until further notice, the first action to avoid hitting the U.S. debt ceiling. The debt ceiling is expected to be reached on May 18, but the Treasury had been expected to take steps like this one in order to keep paying bills. Treasury Secretary Jacob Lew said last week that the U.S. will be able to avoid the debt … [Read more...]
There could be a bull market for divorce lawyers from marriages falling apart due to financial fraud or insider trading by a husband or wife. Most of the time the husband is the one committing fraud and the wife is either a victim or left with damages or even both. New York is now a no-fault state for divorce. The wife of a husband who has committed insider trading can move forward to end the marriage based on no fault … [Read more...]
For those who missed out on the housing bubble and the high tech bubble of the last decade, the Bitcoin bubble is forming. Now valued at over $200 a unit as opposed to around $30 in February, a Bitcoin is a medium of exchange created on the Internet to compensate those for the electricity used in solving complex math problems. It has now ascended to a level to where it is reported to be used for money laundering and other financial … [Read more...]
