The Endless Chain A single example will illustrate the vicious circle of control–the endless chain–through which our financial oligarchy now operates: J.P. Morgan (or a partner), a director of the New York, New Haven, & Hartford Railroad, causes that company to sell to J.P. Morgan & Co. an issue of bonds. J.P. Morgan & Co. …
Tag: JPMorgan
Banking on think tanks
Last week Jon Cowan, president of think tank Third Way, and Jim Kessler, Third Way’s senior vice president for policy, co-authored a Wall Street Journal op-ed blasting Senator Elizabeth Warren’s progressive economic agenda as irresponsible and even reckless. Third Way’s position should come as no surprise to those familiar with the think tank. Just a …
A small watchdog research team committed itself to regular blog posts on the powers that be. You will not believe what happened next.
Since our last Eyes on the Ties roundup we’ve continued to cover a wide spectrum of news and events with original research using the LittleSis database. Topping this roundup once again is J.P. Morgan, which sealed it’s $13 billion dollar bargain settlement deal with the Department of Justice. You may recall Kevin’s post on the …
Tax breaks sweeten JPMorgan’s record-setting settlement with DOJ
In a recent post, Kevin examined the revolving door between JPMorgan and the Department of Justice team charged with negotiating its record-breaking settlement. He concluded that the DOJ attorneys would likely be rewarded in the private sector for their roles in the JPMorgan deal, leaving democracy to foot the bill for their soft negotiations. That same …
Roundup: JPMorgan, FISA, StartUp New York, and the return of frackademia
The Eyes on the Ties blog has been popping with posts lately and addressing the latest in the news cycle. Kicking off this roundup is Kevin’s research into the negotiating table at JPMorgan as it reached a tentative $13 billion settlement with the Department of Justice. Turns out that negotiating table is little more than …
JPMorgan negotiates through the revolving door
It is quickly becoming clear that JPMorgan’s tentative $13 billion settlement with the Department of Justice is not the massive, overly-punitive sanction that some press reports have made it out to be. The weaknesses in the deal may be explained in part by the fact that in arranging the settlement, JPMorgan was negotiating through the …