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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSen Kaufman "Striking Observation" On JPMorgan Chase: Private Lawsuit Found Evidence the Feds Didn't
Former Sen. Ted Kaufman, whose epic struggle to bring Wall Street to justice was depicted in PBS Frontline's recent episode The Untouchables, made a striking observation on a press call today. "In a private case," Sen. Kaufman said, the Dexia bank's lawsuit "
uncovered reams of emails directly related to the fact that fraud was (allegedly) being committed by JPMorgan Chase."
He was referring to headlines like "E-Mails Imply JPMorgan Knew Some Mortgage Deals Were Bad" in the New York Times and "JPMorgan Hid Reports of Defective Loans Before Sales" in Bloomberg News. Sen. Kaufman added:
"It is just hard to believe that if the Department of Justice had made Wall St fraud a major priority, with the resources they have, they could not have found these same emails and brought these cases."
It's not just that the government wasn't bringing a case against JPMorgan Chase. Everybody in Washington from the President on down was praising its CEO, Jamie Dimon, claiming he was our nation's smartest and most ethical banker. So were a lot of reporters. Roger Lowenstein's flattering profile of the dyspeptic Dimon remains a classic of the Wall Street flattery genre.
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http://crooksandliars.com/richard-rj-eskow/sen-kaufman-jpmorgan-chase-privat
woo me with science
(32,139 posts)pscot
(21,024 posts)we got a million dope fiends doin' time.
Oilwellian
(12,647 posts)when he had the slimy bastards before the Senate Judiciary Committee.
Vinnie From Indy
(10,820 posts)for all to see. The nakedness of it all is simply breathtaking.
Cheers!
galileoreloaded
(2,571 posts)as utter incompetence.
Hell with it, I'm watching this crash poolside.
nc4bo
(17,651 posts)Or didn't WANT to dig too deeply. Too many big time fingers in these pies I'd imagine.
Perhaps one day the lid will be blown off.......just won't be any time soon.
Wall St money infects both parties. There was never going to be more than a pretense of investigation and reform. And Wall St is going to do it again.
Wellstone ruled
(34,661 posts)investigative crew. Lanny B.,one of Holders kiss ass boy's,you knew the fix was in from the get go. Not enough evidence to peruse,the guy's at the top. Give us a break,this is one of many DOJ hack jobs,no wonder middle class people are dismayed at what has and has not happened with the Bankstyers.
Mojorabbit
(16,020 posts)So many people lost everything because of these people.