JPMorgan Doesn’t Want to Talk About Bernie Madoff

[n2doc]

Bernard Madoff’s principal bank, JPMorgan Chase, has for years obstructed federal bank examiners trying to ascertain what it knew about his gigantic Ponzi scheme, an official document obtained by Newsweek shows.

The Justice Department refused in September to back up Treasury inspector general staff who wanted a court order to enforce a subpoena, in effect shielding JPMorgan from law enforcement, the October 8 document shows.

The Justice Department told the Treasury Inspector General “that they were denying the request for enforcement of the subpoena,” which means officials “could not undertake further actions regarding this matter,” wrote Jason J. Metrick, the inspector general special-agent-in-charge.

The memo revealing that Justice protected JPMorgan from an obstruction complaint raises anew questions about how much the Obama administration has done to protect the big banks, whose lies about mortgage securities and other investments they sold sank the economy in 2008.

more

http://www.newsweek.com/jpmorgan-doesnt-want-talk-about-bernie-madoff-225067

[BlueToTheBone]

1. Would that be Eric Holder specifically? Or

would that be a particular branch? An old * holdover? Or do you think this goes all the way up the ladder of responsibility?