Whistleblower Details JPMorgan Mortgage Market Crimes, Justice Department Covering Them Up

By: Friday November 7, 2014 7:45 am

With the return of Matt Taibbi to Rolling Stone Magazine comes an amazing story about how the depraved crimes of JPMorgan Chase were covered up by Attorney General Eric Holder despite there being a whistleblower willing to testify. The whistleblower is Alayne Fleischmann, a former lawyer who worked for JPMorgan Chase overseeing mortgage securities. Fleischmann [...]

JPMorgan Facing New Investigation, Citigroup And HSBC Set Aside Funds For Legal Problems

By: Tuesday November 4, 2014 9:59 am

Another day, another exposure of criminal activity on Wall Street. Too Big To Fail/Jail bank JPMorgan is once again under investigation, this time for its conduct in the foreign exchange (forex) market. The Department of Justice probe is reportedly going to cost JPMorgan billions adding to an estimated $5.9 billion in total legal costs at [...]

China Corruption Reporting Becoming Impossible; JPMorgan Banker In China Resigns Amidst Probe

By: Tuesday March 25, 2014 11:18 am

As the world watches Ukraine, the US establishment press pumps out pieces on the horrors of contemporary Russia. Meanwhile, the perilous situation for press freedom in China degenerates further. Unlike Russia, China has gone head first into neoliberalism making partnerships with many prominent Wall Street firms like JPMorgan, which apparently has dissipated the more venomous [...]

Public Interest Group Sues Justice Department Over JPMorgan Settlement

By: Monday February 10, 2014 11:09 am

As a high ranking JPMorgan official is being forced to step down from a CFTC advisory board it is being reported that Better Markets, a public interest group, is suing the Justice Department over its pathetic settlement with JPMorgan for fraud in the mortgage securities market. The DOJ settlement gives JPMorgan “blanket civil immunity”, a [...]

JPMorgan To Give Jamie Dimon Pay Raise To $20 Million A Year

By: Friday January 24, 2014 10:43 am

Whoever said crime doesn’t pay looks pretty stupid right about now. After closing out a year where the company was forced to put aside $20 billion for criminal fines, one of JPMorgan’s first acts in the new year is to give the chairman and CEO who presided over the criminality, Jamie Dimon, a  74% raise. [...]

Jamie Dimon Says Government Has Been Unfair To JPMorgan

By: Thursday January 23, 2014 10:28 am

Not soon after JPMorgan settled yet another case involved screwing homeowners, JPMorgan CEO Jamie Dimon decided to publicly lament his “unfair” treatment by the government. Dimon said that “I think a lot of it was unfair, but I’m not going to go into details” about a recent settlement with the Justice Department over a series [...]

JPMorgan May Face Criminal Action For Madoff Deals

By: Thursday December 12, 2013 11:16 am

JPMorgan has avoided prosecution for committing fraud in the mortgage security markets (that led to the 2008 crash), lying to regulators, defrauding homeowners, and on and on. But now it seems they stole from rich people, and that is unforgivable. Steal from middle class homeowners? Whatever. But steal from rich pensioners with political clout? Out [...]

JPMorgan Agrees To Pay Billions For Causing Financial Crisis

By: Wednesday November 20, 2013 5:07 am

Yesterday the Justice Department announced a $13 billion settlement with JPMorgan over the megabank’s fraud in the mortgage backed security market that helped trigger a financial meltdown in 2008. The deal was completed after JPMorgan CEO Jamie Dimon summoned Attorney General Holder to a private meeting to avoid a press conference, the terms discussed at [...]

JPMorgan Twitter Campaign Cancelled Due To Lulz

By: Thursday November 14, 2013 11:31 am

Is it the ability to throw anyone out of their home that drives you, or just the satisfaction that you know you COULD do it? #AskJPM — David Dayen (@ddayen) November 13, 2013 JPMorgan’s marketing department had a great idea – lets host a Twitter chat or “Twitter Takeover” to promote our company and rehabilitate [...]

JPMorgan And Citigroup Put Currency Dealers On Leave As Foreign Exchange Scandal Widens

By: Thursday October 31, 2013 7:51 am

Well, it’s been a few weeks, so are you ready for yet another major scandal from the financial sector? Ready or not here we go. Just as LIBOR starts working its way through the courts, a scandal within the massive foreign exchange or FX market is getting rolling. Much like LIBOR, which involved rigging a [...]

Eric Holder’s Private Meeting With Jamie Dimon Under Scrutiny

By: Monday October 28, 2013 10:55 am

Since when do subjects of an investigation get a private meeting with the Attorney General of the United States? Since that Attorney General is a former (and likely future) Wall Street lawyer. US AG Eric Holder decided to break protocol and have a personal one on one meeting with JPMorgan CEO Jamie Dimon. The meeting [...]

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