Felix Salmon

How Jamie Dimon sees himself


Well done to Jessica Pressler for picking up on this astonishing photo from the house that Jamie Dimon is still trying to sell in Chicago; it’s now listed at $9.5 million, down from an original asking price of $13.5 million. That’s less than $1.2 million per bedroom: a bargain!

Uncle Sam spends $3.5 billion buying a subprime lender

Quite aside from the costs of rescuing GM itself, the U.S. government spent a whopping $17.2 billion bailing out GM’s subprime lender, GMAC. It’s never going to get repaid in full: at the moment estimates of total losses on that deal are running at about the $6 billion mark.

Don’t worry yet about credit card fees

It stands to reason that, just as overdraft fees are likely to be replaced with checking fees, something similar is going to happen with credit cards. But Ylan Mui overstretches, today, in her story saying that it’s already happening:


Chittum on Kneale — CJR

Litton/Goldman do the right thing — Shame the Banks

“Keep your Big Apple… We’ll have a tangerine” Ymerodraeth State of Mind — YouTube

Kneale, craven

You won’t find many defenders of Dennis Kneale’s philosophy of journalism on Twitter or even among his colleagues in the CNBC studio.

Summer book giveaway

Update: All gone. Lippman’s a machine!

Some of you might remember my holiday book giveaway from last December, which was a great success. So I’m taking advantage of the presence here in the office of Daniel Lippman, who is going to help distribute the books that have accumulated around my desk since then. Some I’ve read, some are duplicates, some I just know I’ll never read, and all of them will I’m sure find much better homes elsewhere than gathering dust at 3 Times Square.

Linkrot at the AP

Tom Laskawy found something rather ominous today: whenever he looked for an AP article more than 30 days old, it had disappeared!

Loan-modification failure of the day

As of today, Treasury has started releasing a new set of datapoints with respect to its Making Home Affordable program. Look at page 5 of the monthly report on how the program is doing, and you’ll see a page detailing what they call the “disposition path” of the 194,056 trial mortgages which have been cancelled through April. Here’s the chart:


Flipboard is pretty amazing — All Things D, iTunes

How internet access is a license to print money for Time Warner Cable — Ars Technica