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Cheap Oil: A Deceiving Economic Reality

By Jack Hanesian

Generally, consumers tend to think of falling oil prices as a convenient “tax cut.” When people see their receipt at the gas station, they can physically see the savings in what typically is a very painful purchase. 223 more words

JPMorgan CEO gets 35% pay raise to $27M amid cutbacks

NEW YORK –Even as Wall Street braces for more cuts to jobs and bonuses, JPMorgan Chase CEO Jamie Dimon was paid $27 million in 2015, up from $20 million the year before, the company said Thursday. 255 more words

Daily News

Exclusive: Dallas Fed Quietly Suspends Energy Mark-To-Market On Default Contagion Fears

Earlier this week, before first JPM and then Wells Fargo revealed that not all is well when it comes to bank energy loan exposure, a small Tulsa-based lender, BOK Financial, said that its fourth-quarter earnings… 2,775 more words

Economy

Goldman Sachs Will Pay $5 Billion in Mortgage Probe Settlement

(New York, NY) — Goldman Sachs has reached a $5 billion settlement as part of a federal and state probe into its role in the sale of mortgages in the years leading up into the housing bubble and subsequent financial crisis. 85 more words

Double Barrelled Hidden Q.E. To Infinity

By Jim Willie – Re-Blogged From http://www.Gold-Eagle.com

We were just treated to a fake official rate hike, and it was cleverly executed. The recent supposed USFed rate hike was a gigantic fraud, a misdirection, a clever ploy, and an act of extreme desperation. 833 more words

Monetary Policy

Why Two Former JPMorgan Chase Bankers Were Just Indicted

This article has been updated to include comment from JPMorgan Chase.

Two former JPMorgan Chase personal bankers have been indicted for stealing almost half a million dollars from accounts held by elderly and deceased clients. 217 more words

Finance

JPMorgan to Raise Deposit Rates for Some Big Clients

JPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter. 95 more words

Finance