JP Morgan

From The Room: Mark-to-Market: Bad Idea #245

September 30, 2008 - Folks are talking about using "mark-to-market" accounting in the new rescue plan...because it worked out so well in the past: Enron notoriously booked future contracts as current earnings, even though they had no idea what those contracts would be worth, whether they'd actually get paid for...

From The Room: Bin Laden Blogs to Lieutenants: ZOMG! 777 points down! Srsly, doods, ur job is dun!

September 30, 2008 - The past two weeks have seen the largest bank failures in American history, the destruction of financial legends, and the largest one day market drop in history, but there is a silver lining to be found in all this chaos. Your humble writer received a notification today of a new...

From The Room: Global Financial Crisis Threatens al Qaeda

September 29, 2008 - WAZIRISTAN, PAKISTAN -- Count al Qaeda as the next big firm brought to the brink of collapse. As international credit freezes up all over the world, the pains of the crisis are felt in the furthest corners of the world, affecting nearly every institution with international operatio...

From The Room: Bear Bones

March 17, 2008 - Encouraging news if you own Bear Stearns stock: It closed at $30 a share today! Discouraging news if you own Bear Stearns stock: JPMorgan Chase (no relation to Gong Show judge Jaye P. Morgan) will buy the beleaguered firm for two bucks a share...

Good news on the economy: superwealthy a-holes now just wealthy a-holes

March 17, 2008 - As the country slides into the abyss, President Bush gave the glass-half-full interpretation in a brief statement Monday morning. We couldn't agree more, and although we don't understand exactly what's t...

FAQ: Bear Stearns and JPMorgan Chase

March 17, 2008 - After the news Sunday that Bear Stearns, one of the world's largest investment banks, was being sold to JPMorgan Chase, the company's stock price today values it at about the same as that taco stand on the corner. Just...