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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Mobsters of Wall Street
http://www.commondreams.org/view/2014/02/12JPMorgan Chase CEO Jamie Dimon. (Image: Donkey Hotey / Flickr / Creative Commons)
Assume that you ran a business that was found guilty of bribery, forgery, perjury, defrauding homeowners, fleecing investors, swindling consumers, cheating credit card holders, violating U.S. trade laws and bilking American soldiers. Can you even imagine the kind of punishment you'd get?
How about zero? Nada. Nothing. Zilch. No jail time. Not even a fine. Plus, you still get to stay on as boss, you get to keep all the loot you gained from the crime spree, and you even get an $8.5 million pay raise!
Of course, you and I would never get such outrageous, absurd, kid-glove pampering by legal authorities. But, then, we're not the capo of JPMorgan Chase, America's biggest bank and a crime syndicate that apparently is too big to jail.
Jamie Dimon is the slick, vainglorious, silver-haired boss of the JPMorgan house of banksters. This CEO has fostered a culture of thievery during his years as a top executive at JPMorgan, leading to a shameful litany of crime. Yet, federal prosecutors have bowed to the politically connected Wall Streeter, refusing to ruffle his feathers with even a single criminal charge.
SamKnause
(13,108 posts)Our corrupt government (all branches) aided and abetted the criminal behavior of Wall Street.
Octafish
(55,745 posts)From Project CENSORED:
Wachovia Bank Laundered Money for Latin American Drug Cartels
Between 2004 and 2007, Wachovia Bank handled funds totaling $378.4 billion for Mexican currency-exchange houses acting on behalf of drug cartels. The transactions amount to the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in US history. This case is not exceptional; Wachovia is just one of several US and European banks that drug cartels have used to launder money.
Censored News Cluster: From Bankster Bailout to Blessed Unrest: News We Can Use to Create a US Economy for the 99 Percent
Clarence Walker, American Banks High on Drug Money: How a Whistleblower Blew the Lid off Wachovia-Drug Cartel Money Laundering Scheme, AlterNet, November 1, 2011, http://www.alternet.org/story/151135/american_banks_high_on_drug_money:_how_a_whistleblower_blew_the_lid_off_wachovia-drug_cartel_money_laundering_scheme>.
http://www.mediafreedominternational.org/2012/01/26/wachovia-bank-laundered-money-for-latin-american-drug-cartels/
Now, that's just one bank what got caught. There are many, many other ones, as well...
SamKnause
(13,108 posts)Enthusiast
(50,983 posts)democratisphere
(17,235 posts)Lloyd Blankfein of Goldman Sachs (net worth $450 million) has the same immunity. The Big Banks and the banksters have total control of our economy and are the true rulers of our country and perhaps the world.
dotymed
(5,610 posts)of these two demons is Grossly understated.
If the Dimon scumbag just got a 8.5 million dollar raise....
I bet that $400 million would not even pay for his home.
Just add that to another long list of lies that he tells the IRS.
Boom Sound 416
(4,185 posts)AgingAmerican
(12,958 posts)"Obama's favorite banker"
Enthusiast
(50,983 posts)AgingAmerican
(12,958 posts)Obama enlisting Bush to work in his administration.
Enthusiast
(50,983 posts)eight years of hard duty as evil villain and destroyer of nations.
lonestarnot
(77,097 posts)Egalitarian Thug
(12,448 posts)just how big a scumbag piece of shit, baby murdering bastard do I have to be to get a super-cool 3-D caricature, like that one, of me?
& R
Scuba
(53,475 posts)ms.smiler
(551 posts)"According to the class action complaint, Mr. Dimon earned in excess of $130 million from 2005 through 2012. The lawsuit is seeking disgorgement of all illicit profits generated as a result of the banks unlawful conduct, as well as an order requiring JPMorgan to enact proper internal control procedures to prevent such fraudulent and illegal conduct from occurring in the future."
http://www.forthepeople.com/blog/morgan--morgan-files-class-action-lawsuit-against-ceo-of-jpmorgan-chase
fleabiscuit
(4,542 posts)Were doing ourselves a disservice if we dont include most of congress with his mob.
dotymed
(5,610 posts)It is amazing (not) that when someone "gets elected" to Congress, if they are not already (at least) millionaires, they become
so within a very short period of time.
When will every American publicly denounce the obvious fact that we are ruled by a set of politicians who illegally
obtain most of their wealth through a much smaller subset of extremely wealthy crooks (TPTB).
Until all Americans Unite and put an end to this accepted slavery, we will continue on our current path of destruction.
This posting, petition signing, etc.. has become just a pressure relief, like masturbation, that TPTB "allow" so
the masses do not stop the total control that we endure and take control of our world.
Romulox
(25,960 posts)Dark n Stormy Knight
(9,771 posts)bluesbassman
(19,376 posts)True story about Dimon (it was printed in an internal corporate newsletter), he was visiting a service center in Florida a few years back and noticed a fax machine sitting on a desk and asked the employee sitting near it what it was. When informed that it was a fax machine he replied "we still use those things?". He was so obsessed with paperless technology that he assumed no one had to still move actual paper around anymore.
bkanderson76
(266 posts)countryjake
(8,554 posts)indepat
(20,899 posts)been convicted on 20 of 21 counts, all seemingly picayune in comparison to what the big boys on Wall Street have orchestrated.