Richard (RJ) Eskow

  • Published How to Fix the Fed: Dismiss Dimon, Boot the Bankers, and Can the Corporations (Blog entry)
    May 25, 2012 - 12:00pm

    More and more people are calling for Jamie Dimon, CEO of JPMorgan Chase, to resign from the Board of the New York Federal Reserve.

  • Published 10 Reasons To be Suspicious About Wall Street's Facebook Fiasco (Blog entry)
    May 22, 2012 - 9:31pm

    Three of Wall Street biggest and best-known financial institutions handled the Facebook IPO, so why were people immediately suspicious when the stock soared and then promptly tanked? Easy answer: Because three of Wall Street biggest and best-known financial institutions handled the Facebook IPO.

  • Published JPMorgan Chase: Break Up the Big Banks Now. Here's How. (Blog entry)
    May 21, 2012 - 12:33am

    When Jamie Dimon revealed that JPMorgan Chase had lost billions through risky and legally questionable trading, he said the losses would be about $2 billion and maybe more. Apparently it is more - a lot more. People in a position to know are saying the real figure is probably in the $5-7 billion range.

  • Published Bill Clinton, Boehner, and Some Other Rich White Guys Had a "Summit" and Agreed: It's Your Fault (Blog entry)
    May 15, 2012 - 11:53pm

    Today a bunch of rich white guys held a "Fiscal Summit" and agreed that:

    1. Despite the fact that unemployment is causing untold suffering for millions of people, it's not very important.
    2. Despite the fact that wage stagnation is destroying the middle class, that's not important either.

  • Published Talking With Krugman: He's Anti-Austerity, Pro-Peter Gabriel, and "Not That Cosmic" (Blog entry)
    May 15, 2012 - 11:30am

    Everybody knows that Paul Krugman is a Nobel Prize-winning economist, a sometimes combative columnist and a liberal lion. But in a conversation which aired this weekend we learned more about his personal response to an ongoing crisis he describes as "really nasty," "very, very severe," and "gratuitious," and which he says "will not go away quickly or necessary at all" unless we do something.

  • Published Jamie Dimon's JPMorgan Chase: Why It's the Scandal of Our Time (Blog entry)
    May 14, 2012 - 12:19pm

    Most observers are missing the point. When CEO Jamie Dimon announced that JPMorgan Chase had incurred at least $2 billion in losses from risky, unsecured, derivatives-types trading, it uncovered the scandal of our time once and for all.

  • Published Will Democrats Embrace "Austerity American Style"? Crash This Party and Find Out (Blog entry)
    May 11, 2012 - 7:31am

    Heard about the meeting that's being held to decide your economic future? If the answer's "no," don't feel bad: That's because you weren't invited. But Tim Geithner was. So was Rep.

  • Published Hush, Hush Sweet Charlotte: How Bank of America Silenced a Whole Town (Blog entry)
    May 9, 2012 - 11:04pm

    You don't have to be good at your job to earn seven million dollars in a year. All you need is a few friends in the right places - places like the Federal Reserve, the Justice Department and the Treasury Department.

    As the song says: "If I had a friend like Ben ..." (Bernanke, that is.)

  • Published Sarkozy's Footsteps: Will the Democrats Be Next? (Blog entry)
    May 7, 2012 - 12:45am

    And another one bites the dust.

    French President Nicolas Sarkozy just became the latest politician to lose his job because he wouldn't let economic experience—or political common sense—sway him from the path of austerity.

  • Published Geithner’s World, Part 1: Three Years of Immunity for Bad Bankers (Blog entry)
    May 4, 2012 - 10:17am

    Here's a walk down memory lane that's worth taking, even if it makes your blood pressure spike a little: Three years ago Tim Geithner was in the position of having to explain why the Federal government wasn't going to nationalize the nation's failing banks.