JPMorgan To Pay $2 Billion For Role In Madoff Fraud

By: Tuesday January 7, 2014 8:02 am

Nothing says justice like giving people involved in one the biggest ponzi schemes in history a laughably small fine. JPMorgan will pay $2 billion for its criminal role in helping Bernie Madoff defraud charities and private investors of $65 billion. Oddly, it was this particular crime that put JPMorgan in jeopardy of finally facing the [...]

Department of Justice Already Under Fire For JPMorgan Settlement

By: Thursday November 21, 2013 7:09 am

Well that didn’t take long. Not more than a day after the “historic” settlement with JPMorgan was announced and the Department of Justice has found itself under heavy scrutiny for trying to “scam” the public and letting arch-criminals off the hook with a relatively small fine. One of the first to cry foul was FDL [...]

JPMorgan Pays Small Fine For Lying To Regulators And Manipulating Market

By: Thursday September 19, 2013 8:58 am

You had to see this coming. After lying to regulators, manipulating the market, and putting out fraudulent documents JPMorgan will pay a relatively small fine and move on. Because when the powerful repeatedly break the law the consequences are never very severe. If we stopped these Wall Street banksters from making criminal profits they might stop [...]

JPMorgan Will Stop Making Student Loans

By: Thursday September 5, 2013 10:24 am

Too Big To Fail bank JPMorgan Chase will stop making student loans according to documents reviewed by Reuters. According to the documents the megabank is leaving the student loan business out of concern that competition with the federal government will reduce profit opportunities. But given the state of the student loan market the move will [...]

JP Morgan Gave $500,000 To Group Promoting Cuts To Social Security And Medicare

By: Monday August 26, 2013 9:26 am

According to JP Morgan’s own financial disclosure the Too Big To Fail bank has decided to use its massive wealth and power to promote cuts to entitlement programs for current and future senior citizens. The group “Fix The Debt Coalition” received $500,00 from JP Morgan. Despite the fact that JP Morgan received billions in bailout [...]

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