Fwd: Friday's Daily Brief: JP Morgan Chase Losses, Norway Killer Trial Interrupted, George Clooney Fundraises, Plus Alec Baldwin, James Franco, Marlo Thomas

Will this further make cracks at Wall St.?  The fragile financial situation in the US?

Are financial troubles in Wall Street not over yet.?

As an aspiring businessman years back, I looked up at Wall Street money men and their financial engineering tools with awe, respect.  Now I am not sure.

Why did this happen? How could this have been prevented?

Chase Manhattan and JP Morgan were solid and respectable banks/investment  houses.  JP Morgan was iconic in the history of US financial system.

Remember also an earlier post in this blog which mentions the bank's CEO mentioning that US has royal straight flush?  Well, JP Morgan has a bad deal..... So sorry for them...

---------- Forwarded message ----------
From: The Huffington Post <dailybrief@huffingtonpost.com>
Date: Fri, May 11, 2012 at 10:55 PM
Subject: Friday's Daily Brief: JP Morgan Chase Losses, Norway Killer Trial Interrupted, George Clooney Fundraises, Plus Alec Baldwin, James Franco, Marlo Thomas

Friday, May 11, 2012 JPMorgan Chase Loses $2 Billion On 'Egregious' Credit Trades POLITICS George Clooney Fundraiser Brings In Huge Haul For Obama Campaign MEDIA LISTEN: Rush Limbaugh Goes After Shep Smith WORLD Spectator Tells Norway Killer: 'Go To Hell' POLITICS House Passes Bombs-Not-Bread Bill To Spare Military, Cut Food Aid UK POLITICS Brooks Did Receive Texts From Politicians BLOG POSTS Alec Baldwin: Rest in Peace, Maurice Sendak Around four years ago, I met a broker at a Greenwich Village building to see an apartment. The owner was Maurice Sendak. I could tell that whether I got the apartment or not, I was going to enjoy this conversation. Just from his voice, his timing, you could tell Sendak was funny, wise, sensitive. Marlo Thomas: A Letter to the President Before midday, Wednesday, May 8th, America was a different place. Millions of our people in all states were living in torment. They'd not only spent their young lives hiding who they were, they'd grown up to discover they had to hide who they loved. James Franco: Gimme Some Shelter What had started as a concert film about the Rolling Stones, a follow-up of sorts to the Maysles' The Beatles: The First U.S. Visit, turned into a Zapruder-like document that sounded the death knell for the flower power of the 1960s. Robert Reich: How J.P. Morgan Chase Has Made the Case for Breaking Up the Big Banks and Resurrecting Glass-Steagall What just happened at J.P. Morgan reveals how fragile and opaque the banking system continues to be, why Glass-Steagall must be resurrected, and why the Dallas Fed's recent recommendation that Wall Street's giant banks be broken up should be heeded. Lisa Belkin: No. I Am Not Mom Enough. Breastfeeding is not a macho test of motherhood, with the winner being the one who nurses the longest. In fact there ARE no macho tests of motherhood.

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Jorge U. Saguinsin
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SPREADING THE ENTREPRENEURIAL REVOLUTION