Posted on 11/08/2014 6:09:57 AM PST by outinyellowdogcountry
Chase....the largest bank in North America....who would have thought...uhm...
Unmentioned is that now that Holder is out of office, how much will his payoff be?
How much will michelle Obama get on Jan 21, 2017?
It is just a mystery to me
Ping. Gotta go. Gotta read this later.
Liberals reflexively attack business, so conservatives tend to reflexively defend them.
That’s a bad idea. It is entirely obvious to any reasonable person that massive criminality was committed during the 00s. It should be investigated, prosecuted and punished in accordance with law.
The corporate veil should be pierced to the extent the law allows and the responsible individuals sent to jail for long terms. This shouldn’t be allowed to be dealt with by a huge corporation paying a fine.
That’s what my brand of conservatism requires, anyway.
It’s embarassing to admit that the Parliament of UK handled the South Seas Bubble of 1720 better than our Congres has.
BTW, I see no reason whatsoever to assume a typical Republican administration would be handling this any differntly. The only difference is that the press would be all over them for it.
Alright, how did this whole article get posted because this website always dings me for posted more than 300 words
Agreed. Enforce the law against big and small companies. Reform for the good of all the country, not the powerful and connected.
Long article with some facts that bear comprehending. But there is an awful lot of superfluous crap that doesn’t need to be in it. I could give a crap about her early idealism and student loans, and we could do without a lot of the other add-ons. One would hope this could be boiled down to just a few concise paragraphs.
> This past year she watched as Holder’s Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. The banks paid big fines, without trials or even judges – only secret negotiations that typically ended with the public shown nothing but vague, quasi-official papers called “statements of facts,” which were conveniently devoid of anything like actual facts.
And you know this money probably didn’t end up in the court system. I wonder how fat Holder and Obama’s bank accounts have grown while they’ve been in office; probably far beyond what their wages are.
Agree with your comments. I would have liked if Taibbi had included how FannyMae and FreddyMac enabled the type of transactions taking place and if the GreenPoint loans were in fact backed by either quasi government firms.
Hmmmmm...maybe it’s ‘content value’!?!
Geeeez...it’s from the Rolling Stone! Their crap is usually ALL CRAP!
Yeah......I guess you’re right....at least I didn’t see in there anywhere about a choice blend of Maui bud or the like. :0)
I just hate wasting my time trying to wade through the thoughts of a muddled mind that doesn’t know what it wants to say.
NOT a company you want to invest in, nor even have a bank account with!
Typically the top five financial/banking corporations that were promoting homosexual causes before same-sex "marriage" came along were Citibank, JP Morgan Chase, AmEx, Charles Schwab, and San Francisco based Wells Fargo. Bank of America, which had previously been based in San Francisco, was probably somewhere around sixth.
The two industries among all of them that led the way in this (1990s, 2000s) was the Banking/Financial industry and the computer industry -- the computer industry primarily because of its proximity to San Francisco culture (Silicon Valley).
Long article with some facts that bear comprehending. But there is an awful lot of superfluous crap that doesn’t need to be in it. I could give a crap about her early idealism and student loans, and we could do without a lot of the other add-ons. One would hope this could be boiled down to just a few concise paragraphs.
It can. Fleischmann is a an attorney who went into securities law and ended up with Chase and started noticing some irregularities; that they were buying bad loans that never should have been approved in the first place, that Chase was redoing the underwriting and repackaging them to make them look as though proper due diligence was exercised when it was really a sham. They were committing fraud when then they were getting rid of them selling then to investors misrepresenting them as A-OK loans. Dimon knew they were a sham and told his underlings to dump a lot of the loans to unsuspecting investors. The Justice got involved in investigating Chase and wouldn’t go way fining them in the billions of dollars. The billions were paid after Dimon, Chase’s CEO, tried to work back room deals so the case wouldn’t go to court and discovery reveal the snakes that they really were. No one knows where the billions went but we’re betting it didn’t go to the court systems and may explain why the Obamas and Holder don’t have a problem paying for whatever their hearts desire.
Thanks... I knew it could be done!
My only comment on this entire article is this: “When a person or organization issues (verbal or written) a policy of NO EMAILS, it is most likely up to criminal activities.
I believe this is especially so for Obama’s Administration.
What I take away from this article is it is all going to happen again and we the taxpayers will be on the hook for it.
I don’t know about you but I am tired of paying for beach houses in the Hamptons and never being invited for brunch.
And we wrote checks to Fedzilla or had monies confiscated from our paychecks to serve these erstwhile thieves really, robbers in suits.
If a small firm did any of this, you can bet the people involved would be buried in a federal penitentiary, broken emotionally and spiritually and their loved ones shunning them.
Get back here!!!
You read this now!!!
/S
> I just hate wasting my time trying to wade through the thoughts of a muddled mind that doesn’t know what it wants to say.
Actually I can tell it took a lot of effort just to condense all the information into this narrative. Of course I’m used to writing 100 - 200 page reports detaining my findings with tables, charts, and exhibits (attachments) to provide specifics on cases like this.
Witnesses like Fleischmann don’t come along very often. They are the type no investigator reall finds on ther own. They are not seeking celebrity status. They are just principled with a belief in justice, raised by parents who taught them right from wrong, and courageous (or naive) for standing up when they know someone like Dimon could destroy them for life. I’ve had few witnesses like that but they are a real diamond when you find them or they come to you (uually the case in my experience)
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