By Greg Hunter’s USAWatchdog.com

I was thinking about titling this post “Fire Jamie Dimon.”  I changed my mind because this article is much, much bigger than Mr. Dimon.  This is really an article about the current climate of fraud, negligence and incompetence that is accepted as the new normal.  Dimon and JP Morgan Chase are just the larger-than-life faces of the profound problems that are not getting fixed.  JP Morgan is the nation’s biggest bank; so, for the sake of simplicity, I just want to use JP Morgan and its CEO, Jamie Dimon, to illustrate what is really stopping the economy from getting better.  This is the 8,000 pound elephant in the room that nobody wants to even acknowledge.

Look no further than this past year.  There are big examples that come to mind that should have brought some criminal charges against bank personnel, or at least been grounds to fire Mr. Dimon.  Most recently, JP Morgan and Credit Suisse paid nearly $417 million (combined) to settle civil fraud charges by the Securities and Exchange Commission (SEC).  Reuters recently reported, “JPMorgan will pay $296.9 million, while Credit Suisse will pay $120 million in a separate case, with the money going to harmed investors, the U.S. Securities and Exchange Commission said.  Both settlements addressed alleged negligence or other wrongdoing in the packaging and sale of risky residential mortgage-backed securities . . .” Of course, both JP Morgan and Credit Suisse didn’t admit guilt, and no individuals were charged criminally.  The Reuters story went on to say, “On a conference call with reporters, Robert Khuzami (SEC enforcement chief) said it is hard to bring cases against individuals over ‘structured’ financial transactions because different people work on different aspects, making it hard to pin blame.” (Click here for the complete Reuters story.) It was the same story in 2011.  According to Reuters, “JPMorgan had in June 2011 agreed to pay $153.6 million to settle a separate SEC fraud case over its sale of mortgage securities to investors, also without admitting wrongdoing.”  Anybody see a pattern here for JP Morgan or government prosecutors?

Hey, you know what else makes it “hard to pin blame”?  Lots of cash donated to both parties by banks like JP Morgan.........

Continue: http://usawatchdog.com/climate-of-fraud-negligence-incompetence-and...

Views: 142

Replies to This Discussion

Good post Nathen

The U.S. Should have done what Iceland did, Arrest the corrupt Bankers and stock brokers that were involved in this scam, instead off bailing them out and passing the bill onto us, but we have way to many crooked globalist within our government and I suspect they had money invested in the stocks and didn't want to take a loss, so they cooked up this scam to pass the cost onto the tax payers,

Since when can you make someone responsible for some else's debt, We never borrowed the money, we are not responsible for any of the debt, I think what they did is criminal and the lot of them belong behind bars .

Agreed, Mac.

 

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” Frederick Bastiat

that is exactly whats playing out and they know the public can't do a dam thing about it, they hold the power, we have but one choice and that is to remove this federal government as our Constitution says, enfact it says it is our responsibility to remove them our forefathers would have done it long ago, I think they had something that is long missing in most people of today.

Nathan, Matt Taibbi has been reporting on this fraud for over 3 years now, did an excellent expose in his book "Griftopia" and also a book "Crossing the Rubicon" was another one all about derivatives by an insider exposing the fraud and absolute corruption that occurred and that contributed to the (ongoing) financial horror we find ourselves in.

Thnx, Libby. I'll chk 'em out

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis favorited Burbia's blog post The Illusion of Fuck You Money
yesterday
tjdavis posted a video

Hi-Rez & Jimmy Levy - This Is A War (Official Video)

Disclaimer: The views, information, opinions and/or activities expressed in this video are solely those of the individuals appearing in the video, and do no...
yesterday
Doc Vega posted photos
Friday
tjdavis posted a video

Berlin 1945: Waiting for the End | Diary of a Metropolis UNCENSORED FOOTAGE

At the beginning of 1945, Berlin is under the illusion that they will survive the war. Every day there are bombing attacks, fires to be extinguished, and cor...
Friday
Burbia posted a blog post

The Illusion of Fuck You Money

The United States use to have this idea that once you make enough money, you.can do as you want.…See More
Thursday
tjdavis posted videos
Thursday
tjdavis posted a blog post
Thursday
Less Prone favorited cheeki kea's photo
Wednesday
cheeki kea posted a photo
Jan 19
Less Prone favorited tjdavis's video
Jan 19
Less Prone posted a video

“I Helped Build It!” A WEF-Davos Insider EXPOSES The Great Reset

Former investment banker and ESG “whistleblower” Desiree Fixler joins The Winston Marshall Show to expose what she says is one of the biggest financial scams...
Jan 19
Doc Vega posted a blog post

One Step Too Far Weighs in on Current Events

We now bring you this week's program on One Step Too Far. Bear with us as more BS floats to the…See More
Jan 18
Burbia's blog post was featured

A Masterclass Is Being Played Out For Those Who Have The Eyes To See

A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
Jan 18
Doc Vega's 4 blog posts were featured
Jan 18
tjdavis's blog post was featured
Jan 18
cheeki kea commented on Burbia's video
Thumbnail

the WITCH language of MYSTERY BABYLON (DOCUMENTARY)

"Great video to watch, and it turns out english is a bizarre and formidable language in its…"
Jan 17
cheeki kea favorited Burbia's video
Jan 17
Less Prone left a comment for Roberto Castorena
"Welcome to a revolutionary concept in public communication, the truth."
Jan 15
Less Prone posted a blog post

Reiner Füllmich imprisoned for investigating the Covid scandal

Rainer Füllmich, a lawyer investigating the Covid scandal was illegally captured in Mexico in…See More
Jan 15
Burbia posted a video
Jan 15

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted