Reggie Middleton breaks down "Muppetology" and the Chinese Wall!

­Welcome to Capital Account. It's been a week since Facebook's disastrous debut. The stock didn't even get that initial pop that we have been so used to. Now we've seen shareholder lawsuits, subpoenas, not to mention a whole lot of mind-numbing news coverage in what was an overvalued IPO price. But why did so many people miss this in the first place, even though there was plenty of evidence to...

Is talk of Grexit a smoke screen for global economic meltdown?

­Welcome to Capital Account. Working in broadcast media, it is easy to get sucked into the vortex of the 24-hour news cycle, with all its spin, its nonsense, and its manufactured sense of urgency. The world however, is infinitely more complex than anything we can express in 30 minutes on this show, and yet, we do not cease trying. Today, the major financial news outlets have again turned their...

The US Treasury prize, the Euro's demise, and Facebook lies w/Paul Craig Roberts

­Welcome to Capital Account. As an informal summit of European leaders has observers seeking signs of the eurozone's direction…look at the market: German 30-year bunds tumbled to below 2 percent for the first time ever. Meanwhile, for the privilege of lending your money to the German government for 2-years you get paid a stunning…wait for it…0%. These rates aren't suppressed by QE or ZIRP like...

William Black on JP Morgan and the Failure to Regulate Wall Street Fraud

Welcome to Capital Account. Regulators from the CFTC and the SEC (Gary Gensler and Mary Schapiro) were on Capitol Hill today to talk about how the overhaul of that multi-trillion dollar, opaque, unregulated over the counter derivatives market is going. As you know, derivatives were at the center of the JP Morgan trading blow-up, so the loss has seemingly reignited scrutiny from Washington. But...

JP Morgan's Regulatory Arbitrage of turning Financial Loss into Political Profit

­Welcome to Capital Account. Bloomberg reports investors are worried JP Morgan is planning to pull back in the European mortgage bond market in the wake of the CIO disaster, causing significant volatility. JP Morgan is the biggest buyer of European home-loan bonds. Is this just one of many examples of how JP Morgan's reckless 2 billion dollar trading loss may be felt most by other people and...

Facebook's IPO Bombs, while "Hot" Tech Company's Cook the Books!

­All eyes seemed to be on Facebook's IPO today. But we look at some of these hyped up social media and gaming companies that have gone public and ask if they can get away with some choose-your-own-adventure accounting methods to boost profits. And back in March, our futures veteran Mark Melin told us MF Global was worth more to some entities dead than alive. Well now we know how much its carcass...

Chris Whalen drops F-Bomb on Wall St. while sounding bankruptcy alarm!

The G8 and NATO summits – we'll talk about the realpolitik of the US situation when it comes to generating domestic economic growth. Chris Whalen from Tangent Capital Partners is our guest. We talk Spain, which is denying reports of a bank run at its second-largest lender, Bankia. Are we seeing a larger run on Europe? JP Morgan CEO Jamie Dimon to testify before the Senate Banking Committee? His...

Following the Fed and chasing down debt

­Everyone is looking for what the Fed will do next in order to manipulate rates and thus economic reality. But what are the consequences? Jim Rickards, author of the bestselling book Currency Wars, is here. And it's world debt day in the UK and a number of other countries – it's a campaign demanding an end to developing world debt. Is that what these campaigns should be calling for, as the US...

Is JP Morgan CEO Jamie Dimon the "World's Funniest Financier?"

­JP Morgan held its shareholder meeting today in the midst of whale-gate. The Wall Street Journal reported the DOJ and FBI have begun a criminal probe surrounding the banks $2 billion trading loss. To be sure the lid has been blown off of Jamie Dimon's "tempest in a teapot" narrative. These were the words he used to originally dismiss concerns that the bank's whale positions were too large. But...

Gerald Celente calls out Jamie "Two-Bit" Dimon and his financial crime syndicate

­Jamie Dimon, CEO of America’s largest bank by assets is downplaying the impact of the $2 billion loss that JP Morgan recorded from its risky bets, the loss that turned out NOT to be the tempest in a teapot he had previously blown it off as. Dimon said the bank will still earn a lot of money this quarter. Banks are supposed to earn money by helping the economy grow. Making money while the rest...