Posted on 11/08/2014 9:50:08 AM PST by Bigun
Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking
By Matt Taibbi | November 6, 2014
"It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'"
Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public from hearing.
Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as "massive criminal securities fraud" in the bank's mortgage operations.
Thanks to a confidentiality agreement, she's kept her mouth shut since then. "My closest family and friends don't know what I've been living with," she says. "Even my brother will only find out for the first time when he sees this interview."
Six years after the crisis that cratered the global economy, it's not exactly news that the country's biggest banks stole on a grand scale. That's why the more important part of Fleischmann's story is in the pains Chase and the Justice Department took to silence her...
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.
Much much more at : http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106
(Excerpt) Read more at rollingstone.com ...
Holder should be in prison.
AMEN!!!
I now see that this is a duplicate thread!
Please pull this one down.
I am a big fan of Matt Taibbi for his dogged pursuit of the truth about political corruption, albeit he’s dumb enough to think that democratic socialism can work.
As to why Wall Street could avoid prosecution with a mere phone call, please recall just who is buying all those QE-N bonds. This is the principle weakness of deficit spending: owing too much to the bond holders.
You want Answers? Look at where Erik the Red Came from and where he will go after leaving the D.O.J.
How is this a fake story? All I can find on it makes it sound legitimate.
Nobody ever said it was fake! It is as real as can be but THIS thread, which I posted, is a duplicate thread and needs to be pulled down!
Uh, Bigun, a moderator put the words, “Fake Story,” in your title...
Indeed, his article simply promotes the leftist cliche of "Wall Street villains." Not a word about the progressive-left government institutions and policies which set up the whole fraud.
No word about the CRA, no word about the political nature of Fanny and Freddie, and their highly paid democrat CEO's. No word about Andrew Cuomo and Bill Clinton setting of the rush to increase Fanny and Freddie purchases of crappy loans, and above all, not a whit of analysis of how that ultimate Progressive-Era institution, the Federal Reserve, provided their criminal member banks the capital to recycle these loans, and then the $$ Trillions in QE to make them whole afterward.
I see that you are correct! The story is anything but fake but this is a duplicate thread and the mod should just take the whole thing down!
Where’s Holder going? Unfortunately it’s not prison.
>>Holder’s Justice Department struck a series of
>>historic settlement deals with Chase, Citigroup and
>>Bank of America.
“Justice” Department?
Paying civil fines with the money they stole and admitting no wrong doing for the FRAUD they perpetrated upon the American people and the global economic infrastructure isn’t Justice.
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