by WTF? OK, no settlement yet but this looks really weird.Why is this paragraph so disturbing? First of all, the words “deficiencies” and “audit” are not two words that one wants to read in the same sentence pertaining to any Wall Street bank. But they are particularly frightening when it comes to the largest bank in the United States that has racked up an unprecedented five criminal felony counts – to which it admitted guilt – in the past six years. That’s five more felony counts than the bank racked up in the prior 100 years of its existence.Equally unprecedented, the Board of Directors of JPMorgan Chase has kept Jamie Dimon as its Chairman and CEO, despite the fact that he has sat at the helm of the bank during this unprecedented and relentless crime wave.There is also the disturbing fact
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Why is this paragraph so disturbing? First of all, the words “deficiencies” and “audit” are not two words that one wants to read in the same sentence pertaining to any Wall Street bank. But they are particularly frightening when it comes to the largest bank in the United States that has racked up an unprecedented five criminal felony counts – to which it admitted guilt – in the past six years. That’s five more felony counts than the bank racked up in the prior 100 years of its existence.Wall Street On ParadeEqually unprecedented, the Board of Directors of JPMorgan Chase has kept Jamie Dimon as its Chairman and CEO, despite the fact that he has sat at the helm of the bank during this unprecedented and relentless crime wave.
There is also the disturbing fact that JPMorgan Chase’s three-year probation for its role in rigging the foreign exchange market just ended in January of this year. Nine months later, on September 29, it gets slapped with two new felony counts by the U.S. Department of Justice for rigging the precious metals and U.S. Treasury market and is put on another three-year probation.
And now, just a little more than a month later, we are learning that there is yet another federal probe of this bank in the works....
JPMorgan Chase Is Under a New Federal Investigation, One Month After Getting Slapped with Its 4th and 5th Criminal Felony Count
Pam Martens and Russ Martens