Home | En Español

Justice, Peace, and Integrity of Creation - Missionary Oblates of Mary Immaculate

Follow JPIC OMI!

YouTube Facebook Twitter

Current and past action alerts >

The Imploding Banking Sector

July 24th, 2012

Read Fr. Finn’s latest blog on Huffington Post – his commentary on the latest implosion of the banking sector. It begins…

Summer months here in Washington, D.C. are generally characterized by the slower pace that is associated with southern cities and the rush of Congress and government employees to get in some vacationing with their families before Labor Day. Even the traffic reporters usually sprinkle their reports with comments about the decreased traffic flows or the early exits for the eastern shore that usually start on Thursday afternoon.

Unfortunately, if you are on the House Financial Services Committee or the Senate Banking committee or one of the regulators for the numerous corporations that operate in the financial services sector, there has been very little down time since the famous early May JPMC announcement about the huge trading loss in their Chief Investment Office in London. Since then the amount of the loss has more than doubled and numerous investigations into the actions of individuals involved in the loss have been opened. All of these activities promise to keep a number of folks at their desks for longer than expected.

Read the blog…

 

Return to Top

Recent News

News Feed

News Archives


Latest Video & Audio

More video & audio >