Receiving Wide Coverage ...
The Next Bailout? The Journal and the Times report today that the Federal Housing Administration's annual report, due later this week, will show that its financial condition has worsened considerably. The Journal story prominently suggests the agency may need to
JPMorgan Unplugged (Sorta): As punishment for allegedly submitting false information to an investigation, the Federal Energy Regulatory Commission banned JPMorgan Chase from trading electricity at market rates for six months. The suspension doesn't begin until April of next year to give the bank and the system operator time to prepare. And during the six-month penalty period, JPM will still be allowed to trade electricity at prices set by counterparties. "In essence, the order
MF Global: A House subcommittee is expected to deliver a report today on the demise of Jon Corzine's brokerage. The FT got its hands on a copy and calls the report "damning," saying the subcommittee found that MF Global misled regulators about its bets on European sovereign debt. The Journal says a press release the panel issued in advance of the report contained little new information and "stopped short of saying anyone at the company broke the law."
Financial Times
The national mortgage settlement has forced investors to take
New York Times
Ken Chenault was the lone financial services executive at a White House
The Times profiles an entrepreneur whose firm helps retail customers
Columnist Jesse Eisinger derides the "