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Sun Feb 10, 2013, 09:10 PM

Sen Kaufman "Striking Observation" On JPMorgan Chase: Private Lawsuit Found Evidence the Feds Didn't

Former Sen. Ted Kaufman, whose epic struggle to bring Wall Street to justice was depicted in PBS Frontline's recent episode The Untouchables, made a striking observation on a press call today. "In a private case," Sen. Kaufman said, the Dexia bank's lawsuit " uncovered reams of emails directly related to the fact that fraud was (allegedly) being committed by JPMorgan Chase."

He was referring to headlines like "E-Mails Imply JPMorgan Knew Some Mortgage Deals Were Bad" in the New York Times and "JPMorgan Hid Reports of Defective Loans Before Sales" in Bloomberg News. Sen. Kaufman added:

"It is just hard to believe that if the Department of Justice had made Wall St fraud a major priority, with the resources they have, they could not have found these same emails and brought these cases."

It's not just that the government wasn't bringing a case against JPMorgan Chase. Everybody in Washington from the President on down was praising its CEO, Jamie Dimon, claiming he was our nation's smartest and most ethical banker. So were a lot of reporters. Roger Lowenstein's flattering profile of the dyspeptic Dimon remains a classic of the Wall Street flattery genre.

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http://crooksandliars.com/richard-rj-eskow/sen-kaufman-jpmorgan-chase-privat

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Reply Sen Kaufman "Striking Observation" On JPMorgan Chase: Private Lawsuit Found Evidence the Feds Didn't (Original post)
kpete Feb 2013 OP
woo me with science Feb 2013 #1
pscot Feb 2013 #2
Oilwellian Feb 2013 #3
Vinnie From Indy Feb 2013 #4
galileoreloaded Feb 2013 #6
nc4bo Feb 2013 #5
HooptieWagon Feb 2013 #7
Wellstone ruled Feb 2013 #8
Mojorabbit Feb 2013 #9

Response to kpete (Original post)

Sun Feb 10, 2013, 09:26 PM

1. K&R

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Response to kpete (Original post)

Sun Feb 10, 2013, 09:36 PM

2. On the plus side

we got a million dope fiends doin' time.

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Response to kpete (Original post)

Sun Feb 10, 2013, 09:37 PM

3. Hell, Levin commented on the emails

when he had the slimy bastards before the Senate Judiciary Committee.

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Response to kpete (Original post)

Sun Feb 10, 2013, 09:39 PM

4. The gargantuan corruption of our justice system is just laying there

for all to see. The nakedness of it all is simply breathtaking.

Cheers!

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Response to Vinnie From Indy (Reply #4)

Sun Feb 10, 2013, 10:36 PM

6. Its not corruption as much

 

as utter incompetence.

Hell with it, I'm watching this crash poolside.

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Response to kpete (Original post)

Sun Feb 10, 2013, 10:25 PM

5. Why do I get the strange feeling it's because DOJ wasn't looking very hard

Or didn't WANT to dig too deeply. Too many big time fingers in these pies I'd imagine.

Perhaps one day the lid will be blown off.......just won't be any time soon.

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Response to nc4bo (Reply #5)

Sun Feb 10, 2013, 10:41 PM

7. Bingo.

Wall St money infects both parties. There was never going to be more than a pretense of investigation and reform. And Wall St is going to do it again.

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Response to kpete (Original post)

Sun Feb 10, 2013, 11:25 PM

8. Got to remember who ran the

investigative crew. Lanny B.,one of Holders kiss ass boy's,you knew the fix was in from the get go. Not enough evidence to peruse,the guy's at the top. Give us a break,this is one of many DOJ hack jobs,no wonder middle class people are dismayed at what has and has not happened with the Bankstyers.

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Response to kpete (Original post)

Mon Feb 11, 2013, 01:09 AM

9. The whole thing really makes me so angry.

So many people lost everything because of these people.

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