Nov 13

How The Government Punished Wall Street, Explained In 1 Cartoon
(Click on cartoon to enlarge.)


JP Morgan Chase cost US taxpayers millions, had them pay for settlement – Matt Taibbi (RT, Nov 12, 2014):

“Ordinary people lost enormous amounts of money” when JP Morgan Chase sold millions in faulty loans – and taxpayers still paid a big chunk of its billion-dollar settlement with the government, investigative journalist Matt Taibbi told RT.

In recent story published in Rolling Stone, Taibbi detailed how a former JP Morgan employee Alayne Fleischmann helped the Justice Department in its investigation against the bank. Eventually, a $9 billion settlement was reached. However, that agreement did not require the bank to admit guilt for fraud – and it all came about to keep the information Fleischmann divulged from surfacing. Continue reading »

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Nov 10


Nov 7, 2014

Democracy Now!, is an independent global news hour that airs weekdays on 1,300+ TV and radio stations Monday through Friday. Watch our livestream 8-9am ET at http://democracynow.org.

As a side note: Democracy Now is – in my opinion – NOT independent.

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Nov 09

 From the article:

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.

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.”

They’re gonna destroy her for that … sooner or later. The elitists are ‘patient’.


JPMorgan whistle-blower Alayne Fleischmann
Chase whistle-blower Alayne Fleischmann risked it all.

The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare (Rolling Stone, Nov 6, 2014):

By Matt Taibbi

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore.

“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. Continue reading »

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