The history of Wall Street is rife with people who believed they were smarter by half and could engineer risk to near zero. In my lifetime there was Long-Term Capital Management, the hedge fund that employed Nobel Prize–winning economists who believed their mathematical models had tamed market volatility. For a…
JPMorganChase’s Jamie Dimon noted this week that today’s credit environment echoes what preceded the 2008 crash.
He wasn’t exaggerating.
Jeffrey Epstein destroyed lives.
He also did business with some of the most powerful lawyers and banks in America.
Careers fell. Institutions didn’t.
Imitation is the sincerest form of flattery. President Trump can take pride that leading political and business figures mimic his rhetoric and tone.
His critics should consider the implications.
The Davos elite and GM’s Factory Zero workers in Detroit live in parallel universes.
One gets fawning corporate media coverage, access, and spectacle. The other gets layoffs, uncertainty, and attention only from a socialist website.
After driving a Chinese EV for several weeks, Wall Street Journal technology columnist Joanna Stern wrote that she would prefer never to buy an American-made vehicle again.
If middle-class Americans fully understood why their counterparts in China can buy far more technologically advanced vehicles for considerably less, the reaction here would be anything but complacent.
At General Motors and Ford, litigation is no longer a side effect of doing business. It is a core business function.
The résumés of the lawyers running point at both automakers reflect how central legal strategy has become.
Bulls make money. Bears make money. Pigs get slaughtered.
Some thoughts on Ponzi schemes, perfectly legal Wall Street products that burn retail investors, and why doctors and small business owners are often the easiest targets.
Josh Allen lost a playoff game and took responsibility.
Mary Barra presided over billions in EV losses and said she had no regrets.
This isn’t about football or automobiles. It’s about how leaders respond when outcomes can no longer be spun — and how accountability often seems easier to find in locker rooms than on CNBC.
JPMorgan Chase CEO Jamie Dimon is among Wall Street’s — and the media’s — most admired executives, closely identified with the bank he has led for nearly two decades.
President Trump, however, is no admirer of Dimon’s stewardship of America’s largest bank.
Here’s why Trump’s promised lawsuit alleging JPMorgan debanked him for political reasons — along with the president’s broader pressure on banking practices — could open a level of scrutiny Dimon’s admirers don’t yet appreciate.
Among the questions such scrutiny could raise: why JPMorgan severed ties with Trump while continuing to bank Jeffrey Epstein until 2013, despite internal objections from some senior executives.