• Man Loses $22,000 In New ‘Policing For Profit’ Case

• Spain’s bank losses could hit €260bn

• Boris Johnson: Europe is driving full-tilt, foot on the pedal, into a brick wall

New:

• Morgan Stanley cut Facebook estimates just before IPO

• Bankers Under Fire as Facebook Slips 11%

• Facebook Inc’s underwhelming debut on Wall Street increases the pressure on the social networking giant to deliver stellar growth – a novel situation for Chief Executive Mark Zuckerberg, who has been clear he is more interested in building products than making money.

If this were twenty years ago, facebook would have gone public at notorious bucket shop D.H. Blair and Co. Continue reading →

• Treasury’s first-ever direct relationship with a foreign government.

Full set with song lyrics: Here

• JPMorgan Counterparty Platt Says Bank’s Trading Loss May Widen

• JPM Halts Share Repurchase Program

Check it out . . . BIG BUCKS COMING YOUR WAY! The goal of ‘Crash JP Morgan, Buy Silver’ is to attack JPM’s vulnerable balance sheet Continue reading →

• JPMorgan CIO Risk Overseer Said to Have Record of Trading Losses

The Cantor case culminated in 2010 when the enforcement arm of NYSE Arca Inc. fined Cantor $250,000 after finding it failed to supervise Goldman, 51, who was buying and selling the same stocks in personal accounts that he traded in a proprietary account at the New York-based brokerage.

• Former British PM heckled in Maine college speech