Uploaded by CapitalAccount on Apr 5, 2012
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Welcome to Capital Account. US President Barack Obama signed the J.O.B.S. act today, otherwise known as the jumpstart our business startups. Only this so called success rolls back securities laws for companies going public with up to a billion dollars in revenue and according to critics, what it really does is jumpstart frauds like wall street pump and dump schemes. Surprisingly, or maybe not [...]
Last week Mario Monti, like a good (ex) Goldmanite, did his best to buy what Goldman is selling, namely telling anyone gullible enough to believe that the “European crisis is almost over.” Funny then that we learn that just as this was happening, Ben Bernanke held a secret meeting with the entire banker caretel, in which discussed was not American jobs (seasonally adjusted or otherwise), nor $5 gas, but… helping European [...]
hich is odd because Bernanke had lunch with the Bankers last week and told them to start helping with the EU debt crisis. Odder still since Mario Monti said (almost at same time as this lunch was held) that the EU crisis was almost over.
Perhaps this is Jamie Dimons way of helping ;)
Fortune has learned that attendees included Jamie Dimon (J.P. Morgan), Bob Diamond (Barclays), Brady Dougan (Credit Suisse), Larry Fink [...]
After completing a series of public lectures in Washington, D.C. last week, Federal Reserve Chairman Ben Bernanke quietly slipped into New York City for a private luncheon on Friday with Wall Street executives.
Fortune has learned that attendees included Jamie Dimon (J.P. Morgan), Bob Diamond (Barclays), Brady Dougan (Credit Suisse), Larry Fink (Blackrock), Gerald Hassell (Bank of New York Mellon), Glenn Hutchins (Silver Lake), Colm Kelleher (Morgan Stanley), Brian Moynihan (Bank of [...]