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Nihilism and Globalization

What a week it has been in the world of corporate criminality and governmental spinelessness! On Monday, the British Bank HSBC agreed to pay a fine for $1.92 billion for repeated and systematic violations of two U.S. laws to prevent money laundering. The bank transferred hundreds of billions of dollars for its clients, likely enabling…Read more Nihilism and Globalization Posted on 14 December 2012 | 4:07 pm

The Best and the Brightest

Ina Drew has resigned. Why wasn’t she fired? Drew is the executive at JPMorgan being asked to fall on her sword for the $2 Billion+ loss in hedging trades. Jamie Dimon, who for four years has taken credit for running a tight ship in which he was responsible for steering JPMorgan through the financial crisis,…Read more The Best and the Brightest Posted on 15 May 2012 | 9:46 am