ROLLINGSTONE BLOCKBUSTER: Main Witness In JPMorgan Case BREAKS HER GAG ORDER
I've said it before: Rolling Stone is the only major publication digging into these stories. If you can afford it, buy a subscription. And now Matt Taibbi is back with a huge bombshell of a story: The main witness in the JPMorgan Chase settlement is breaking her gag order!
"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 a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.
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.
She was blocked at every turn: by asleep-on-the-job regulators like the Securities and Exchange Commission, by a court system that allowed Chase to use its billions to bury her evidence, and, finally, by officials like outgoing Attorney General Eric Holder, the chief architect of the crazily elaborate government policy of surrender, secrecy and cover-up. "Every time I had a chance to talk, something always got in the way," Fleischmann says.
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 now, with Holder about to leave office and his Justice Department reportedly wrapping up its final settlements, the state is effectively putting the finishing touches on what will amount to a sweeping, industrywide effort to bury the facts of a whole generation of Wall Street corruption. "I could be sued into bankruptcy," she says. "I could lose my license to practice law. I could lose everything. But if we don't start speaking up, then this really is all we're going to get: the biggest financial cover-up in history."
I haven't even finished reading it yet, I just had to let you know. Go read it now!
http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106?page=2
http://crooksandliars.com/2014/11/rolling-stone-blockbuster-main-witness
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Will a republican majority Congressional Committee start hearings into this soon?
: rofl: Not laughing at the poster but the question was almost sweet.
Reminded me of a poster who once nicely asked: I've found a wolf puppy and was wondering if I could raise it up to be my "Sweet boy?"
The first poster said "It will eat your Ass"
I'll add the 
smiley for all....
I thought he was going after voter suppression , first in Texas and then in North Carolina.
Also, Duke Energy's ties to the current North Carolina governor and his handpicked local EPA. Corrupt governor got rid of the scientists and filled it with corporate tools. Investigation seems to have vanished into thin air.
Flashed em at a Senate Hearing. Has the President on speed dial (for real). Who do you think is going to take the fall for this one?
http://www.businessinsider.com/check-out-jamie-dimons-cuff-links-from-the-senate-hearing-2012-6
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- They knew they couldn't stop his mouth, but they thought they could ''spin it.'' It's what they do.
From the article--
Couple this with the fact that the bank's share price soared six percent on news of the settlement, adding more than $12 billion in value to shareholders, and one could argue Chase actually made money from the deal. What's more, to defray the cost of this and other fines, Chase last year laid off 7,500 lower-level employees. Meanwhile, per-employee compensation for everyone else rose four percent, to $122,653. But no one made out better than Dimon. The board awarded a 74 percent raise to the man who oversaw the biggest regulatory penalty ever, upping his compensation package to about $20 million.
We taxpayers paid $7,000,000,000 of Chase's settlement!
Why isn't Jamie Dimon in prison???? And why isn't that criminal Eric Holder in prison?
Oh, I forgot.....It's haaard *whine* to prosecute those Wall Street thugs! And doesn't Holder serve at the pleasure of the President?
How come Mr. Obama didn't throw him out on his ass and get someone in there who would do the job? Well, Birds of a feather....
And speaking of....
I came in late to Obama's presser yesterday. One of the last things he said was "I hear you." I about fell on the floor laughing at that.
NOW he hears us? What a GD joke! 
How come he didn't hear us when "we the people", along with practically every blogger and journalist on the internet were screaming about the crimes being perpetrated by thugs like Jamie Dimon?
"I hear you." Don't make me laugh, Mr. President!
Holder is scum---It is unequivocal.
Obama's choice of Holder to be AG is a tragedy of lost opportunity.
Sort of like Geitner in Finance and Duncan in Education.
Disastrous appointments, all.
I am sick to death of too big to jail. Neither party did anything
