In terms of assets, Bank of America is the second largest federally-insured bank in the U.S. with $2.4 trillion in assets. (That’s just the federally-insured commercial bank unit of Bank of America. The bank h
In a properly functioning Justice Department and bank regulatory system that genuinely wants to ensure the safety and soundness of America’s deposit-taking banks, Dimon would have been forced out when the bank admitted guilt to the first two fel...
There’s a reason why the billionaires running X, Alphabet, and Meta all changed the names of their companies recently. That always happens when you’re ashamed of what you’re doing—you hope that a new name will wipe away the stain. Ted Gioia,The New Romanticism Just Found an Unexpected...
Trump has figured out how to emasculate the media and make them tame lap-dogs. Freedom of press is enshrined in the 1st Amendment, but much of the press (e.g.,Washington Post,Los Angeles Times) is owned by billionaires with multiple other business interests that don’t have clear constitut...
America’s world mission After Putin’s invasion of Ukraine, the Biden administration imposed “super sanctions,” promising that such measures would bring the Russian economy to its knees. These measures, and the confidence with which they were imposed, reflected the old consensus, which presuppose...