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JPMorgan Chase's Worst Nightmare

serfserf Member Posts: 9,217 ✭✭✭✭
edited November 2014 in Politics
You know what they say! You get as much justice as you can buy here in The USA [:D]

serf

www.rollingstone.com/politics/news/the-9-billion-witness-20141106



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.


Years later, in its settlement with the Justice Department, Chase would admit that this conversation between Fleischmann and Boester took place (though neither was named; it was simply described as "an employee#8201;.#8201;.#8201;.#8201;told#8201;.#8201;.#8201;.#8201;a managing director") and that her warning was ignored when the bank sold those loans off to investors.
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