What is the difference between JPMorgan Chase and Organized Crime???

[Andre Marc]

JPMorgan Chase just this year alone-

-"Negotiated" 13 Billion dollar fine for crimes committed in regards to mortgages.

-Agreed to pay 2 Billion dollar fine in connection to their 7 Billion dollar loss they failed to report
to authorities, and subsequently lied about it.

-Agreed to allow the govt to seize 2 Billion assets for turning a blind eye to the Madoff Ponzie scheme.

This is all we KNOW about.

They make the Mafia look good. The difference is not ONE executive has gone to jail, not one
has has lost their job, EXCEPT for the woman they made the scapegoat in the London Whale case.
Disgusting and welcome to America.

 

[rockitman]

JPMorgan Chase just this year alone-

-"Negotiated" 13 Billion dollar fine for crimes committed in regards to mortgages.

-Agreed to pay 2 Billion dollar fine in connection to their 7 Billion dollar loss they failed to report
to authorities, and subsequently lied about it.

-Agreed to allow the govt to seize 2 Billion assets for turning a blind eye to the Madoff Ponzie scheme.

This is all we KNOW about.

They make the Mafia look good. The difference is not ONE executive has gone to jail, not one
has has lost their job, EXCEPT for the woman they made the scapegoat in the London Whale case.
Disgusting and welcome to America.

what's the difference between organized crime and an over reaching big gov't (The Demo-mafia) ?

 

[Andre Marc]

what's the difference between organized crime and an over reaching big gov't (The Demo-mafia) ?

Over reaching? LOL!!!!!!!

 

[Whatmore]

What crimes have these executives committed?

 

[Johnny Vinyl]

What crimes have these executives committed?

Unlike Robin Hood...they took from the poor and gave to the rich.

 

[rockitman]

Unlike Robin Hood...they took from the poor and gave to the rich.

what did they take from the poor ?

 

[Andre Marc]

What crimes have these executives committed?

1-Lying to regulators about trading losses, then conspiring to destroy evidence (London Whale).

1-Knowingly mishandling mortgage foreclosures

3-Knowingly allowing Bernie Madoff run his Ponzi Scheme, and turning a blind eye, to collect huge fees

AND

-Bank Secrecy Act violations; money laundering for drug cartels; violations of sanction orders against Cuba, Iran, Sudan, and former Liberian strongman Charles Taylor;

-misrepresentations of CDOs and mortgage-backed securities;

-fraudulent sale of unregistered securities; auto-finance deceptions;

-filing of unverified affidavits for credit card debt collections;

-energy market manipulation that triggered FERC lawsuits;

-"artificial market making" at Japanese affiliates;

-shifting trading losses on a currency trade to a customer account;

-fraudulent sales of derivatives to the city of Milan, Italy;

-obstruction of justice (including refusing the release of documents in the Bernie Madoff case).

and MUCH more...

All of the above have been ADMITTED to in writing, by Chase.

Did I answer your question sufficiently?

 

[zztop7]

1-Lying to regulators about trading losses, then conspiring to destroy evidence.

1-Knowingly mishandling mortgage foreclosures

3-Knowingly allowing Bernie Madoff run his Ponzi Scheme, and turning a blind eye, to collect huge fees

AND

-Bank Secrecy Act violations; money laundering for drug cartels; violations of sanction orders against Cuba, Iran, Sudan, and former Liberian strongman Charles Taylor;

-misrepresentations of CDOs and mortgage-backed securities;

-fraudulent sale of unregistered securities; auto-finance deceptions;

-filing of unverified affidavits for credit card debt collections;

-energy market manipulation that triggered FERC lawsuits;

-"artificial market making" at Japanese affiliates;

-shifting trading losses on a currency trade to a customer account;

-fraudulent sales of derivatives to the city of Milan, Italy;

-obstruction of justice (including refusing the release of documents in the Bernie Madoff case).

and MUCH more...

All of the above have been ADMITTED to in writing, by Chase.

Did I answer your question sufficiently?

+++1000+++

zz.

 

[Johnny Vinyl]

what did they take from the poor ?

Weren't they involved in that mortgage fiasco thing you guys had a few years back. People losing their homes and all.

 

[dingus]

dont forget about Goldman Sachs and their role in tanking the Greek economy, which has had a huge impact on the entire EU.

 

[dingus]

what did they take from the poor ?

their homes, retirements, investments, savings...

 

[rockitman]

their homes, retirements, investments, savings...

Homes ? If you lose your job and cannot pay, is that the banks fault ? Retirements/investments ? If they left their portfolio alone in 2008 till now, they would have recovered their losses plus some growth. The losers are the one's who knee jerk sold their positions. Savings ? Only if they lost their job and had to dip into savings. How is that the fault of JP Morgan/Chase execs ?

 

[edorr]

their homes, retirements, investments, savings...

The poor don't have any investments, savings or retirements, and their homes have no equity. You could (convincingly) argue the middle class got shafted in the sub-prime crisis through the bailouts, but not "the poor".

 

[Andre Marc]

Homes ? If you lose your job and cannot pay, is that the banks fault ? Retirements/investments ? If they left their portfolio alone in 2008 till now, they would have recovered their losses plus some growth. The losers are the one's who knee jerk sold their positions. Savings ? Only if they lost their job and had to dip into savings. How is that the fault of JP Morgan/Chase execs ?

The way you frame it they did not directly..

However they just settled with several CA retirement funds, the teachers fund for $300 million alone, who they knowingly sold mortgage related investments to and
represented them as AAA. We all know they turned out to be worthless. That is a crime, and IS stealing from the working poor.

 

[Andre Marc]

The poor don't have any investments, savings or retirements, and their homes have no equity. You could (convincingly) argue the middle class got shafted in the sub-prime crisis through the bailouts, but not "the poor".

I agree.

 

[jazdoc]

Hmmm....

No corporate executive would dare to be as cavalier about consumers’ expectations as the White House has been with regard to the promises the president made about Obamacare.

If Obama were the CEO of a private company, writes George Mason University economist Don Boudreaux, “he would be sued, publicly lambasted by all the major media, perhaps hauled before an admittedly grandstanding Congressional committee, and possibly prosecuted, convicted, fined, or even imprisoned for fraudulent misrepresentation.”

 

[Andre Marc]

Hmmm....

Absolute and utter bullshit. Corporate CE0's don't have half the company trying to sabotage their business strategy. Chase's criminal actions have NOTHING to do with Obama.
Don't go there.

 

[Steve williams]

It was also Chase who acquired Washington Mutual Bank after it went under for issuing all the subprime loans

 

[rockitman]

It was also Chase who acquired Washington Mutual Bank after it went under for issuing all the subprime loans

And Bank of America is blamed for the Countrywide subprimes. BofA was strong armed by the gov't to buy countrywide and Merril lynch after the meltdown

 

[jazdoc]

Absolute and utter bullshit. Corporate CE0's don't have half the company trying to sabotage their business strategy. Chase's criminal actions have NOTHING to do with Obama.
Don't go there.

Oh, I'm going there....

http://news.yahoo.com/obama-adminis...able-to-keep-insurance--report-222249311.html

http://www.washingtonpost.com/blogs...-that-no-one-will-take-away-your-health-plan/

http://www.dailymail.co.uk/news/art...nce-plans-cancellation-notices-Obamacare.html