Friday Afternoon News Roundup

Ed Schultz has been booted to the weekends. Chris Hayes has been promoted to the 8 pm spot. There is something about Ed Schultz that I can only take in small doses. I can watch Rachel Maddow every night, but not Ed.

The NRA’s Wayne LaPierre is still flapping his lips. I’m not really sure why, but… I guess money can buy you love.

Some GOP congressmen ain’t liking the sequester after all.

Kinda cool how HSBC committed fraud but no one went to jail. No one was even called out in public. Most Americans have no idea.

Speaking of fraud, the Senate subcommittee on something or other produced a 300-page document that says JP Morgan lied, misled and tried to do whatever they needed to do to hide their $6.2 billion loss. Remember that Jamie Dimon came out on the charm offensive. From Reuters:

Senior managers at the bank were told for months about the bad derivatives bets that ended up costing the bank more than $6.2 billion but did little to rein them in, according to the Permanent Subcommittee on Investigations report on Thursday.

The Senate report came on the same day the U.S. Federal Reserve separately asked JPMorgan to improve its capital planning process as part of an annual “stress tests” of banks.

The barrage of bad news for JPMorgan, long seen as the safest and best-managed U.S. bank, could taint the reputation of the bank, as well as Chief Executive Jamie Dimon. Dimon has been one of the most outspoken critics of Washington’s attempts to tightly regulate Wall Street after the 2007-2009 financial crisis.

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ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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A Letter to America

The Thirteeneth Juror

Where is The Outrage Topics
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