The Allman Brothers Band
JP Morgan Chase Pai...
 
Notifications
Clear all

JP Morgan Chase Paid $9 Billion in Hush Money to Keep Whistleblower Silent

3 Posts
3 Users
0 Reactions
2,001 Views
robslob
(@robslob)
Posts: 3257
Illustrious Member
Topic starter
 

http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106

"The kid-gloves approach that the DOJ and the SEC take with Wall Street is as inexplicable as it is indefensible," says Dennis Kelleher of the financial reform group Better Markets, which would later file suit challenging the Chase settlement. "They typically charge only one offense when there are dozens. It would be like charging a serial murderer with a single assault and giving them probation."

"(Alayne) Fleischman later realized that the government wasn't interested in having her testify against Chase in court or any other public forum. Instead, the Justice Department's political wing, led by (Attorney General Eric) Holder, appeared to be using her, and her evidence, as a bargaining chip to extract more hush money from (Chase CEO Jamie) Dimon. It worked. Within weeks, Dimon had upped his offer to roughly $9 billion."

[Edited on 11/20/2014 by robslob]


 
Posted : November 19, 2014 8:58 am
Bhawk
(@bhawk)
Posts: 3333
Famed Member
 

EPDs. Scratch-and-dent loans. Daily shady shenanigans.

Ahhhhhhhh, memories. Cool


 
Posted : November 19, 2014 11:25 am
emr
 emr
(@emr)
Posts: 922
Prominent Member
 

When I hear the financial genius's applauding their skill I am reminded of the time Idi Amin was on 60 minutes. He was playing basketball and his team won something like 101-19 as no one would beat him out of fear of a beheading. When Dan Rather (or whomever) pointed the score out Amin stated "I know; its because I coach them myself."


 
Posted : November 19, 2014 4:06 pm
Share: