See Part One of this liveblog here. Shelby was actually pretty good, but then Johanns and Bennett went to some length to try to pretend the banksters weren’t doing what they were doing. Johnson: Does the law need to be change? Levitin: It’s not the law, it’s compliance w/the law. What was governing securitization was [...]

I wanted to return to a detail I mentioned in yesterday’s book salon. As I noted, in his book on the auto bailout, Steven Rattner described Citi as being worried during the Chrysler negotiations that retail customers would retaliate if Citi played hard ball. Bankers for Goldman and Citi had advised [JP Morgan Chase VP [...]

JP Morgan Chase refuses to do what it takes to save 300,000 jobs and the healthcare of 700,000 retirees. So I decided today to no longer be a part of that. I closed my Chase account.