Author: Steven D

This is Who I Am

Update [2011-6-25 18:47:57 by Steven D]: My heartfelt thanks to all of you who commented. Your support is much appreciated. First of let me clear. I am not a brave person because I’m writing this diary. Indeed, I have been...

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JP Morgan Pays SEC Chump Change for Fraud

Ho Hum, the SEC settles a securities fraud case against JP Morgan for $153.6 million. The civil case against JP Morgan was based on the sale of collateralized debt obligations (CDOs) composed of securitized mortgages, the same...

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My Sucky Analysis of Debt Ceiling Negotiations

Imagine you are a hostage negotiator. A crazed terrorist has a doomsday nuclear device hidden where no one can reach it. He also has a remote control detonation device and his finger is on the red button that will trigger the...

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