Is JPMorgan Chase America's Most Corrupt Bank?

[think]

Is JPMorgan Chase America's Most Corrupt Bank?

By Laurence Kotlikoff - MAR 18, 2016 @ 08:54 AM

Between Bernie Sanders and Elizabeth Warren, we’ve heard a lot about the corruption on Wall Street. But if you want to understand exactly what happened and why, read JPMadoff: The Unholy Alliance Between America’s Biggest Bank and America’s Biggest Crook.

Written by trial lawyers Helen Davis Chaitman and Lance Gotthoffer this heavily-researched, meticulously documented book lays out for the world to see the absolute corruption of JPMorgan Chase – America’s biggest bank. And the authors explain how Obama has furthered Wall Street crime by refusing to enforce America’s criminal laws against America’s biggest criminals – not Madoff, but JPMorgan Chase.

JPMorgan Chase would not comment for this story.

If you want quick documentation of their thesis, play their terrifying online Wheel of Misfortune game, and ask yourself whether JP Morgan Chase is really the bank for you or anyone who cares about our country’s financial and economic health.

JPMadoff explains how Madoff could never have perpetrated his massive fraud without the knowing assistance of a major financial institution – which profited heavily from its complicity because Madoff, who never bought securities for his investment advisory customers, left billions of dollars on deposit at JPMorgan Chase which, of course, help fund JP Morgan Chase’s speculative London-Whale trading operation. This all occurred under the “watchful” eye of Jamie Dimon, Chairman, President, and CEO of JP Morgan Chase.

~Snip~

This is a book not just about individuals, but about the corrupt, symbiotic relationship between big financial institutions and politicians—the Washington/ Wall Street axis that breeds a system where a seventeen-year-old kid who robs a 7-Eleven of three hundred dollars goes to jail in a police van, but a thirty-four-year-old Wall Street banker who steals $1 billion from customers goes home to Greenwich in his limousine. And gets an eight figure bonus to boot.

As Senator Warren has recently noted, it is a national shame that, eight years after the financial meltdown, not a single banker has gone to prison. But this is not an accident. As Chaitman and Gotthoffer explain in JPMadoff, the Wall Street firms have purchased control of law enforcement and Congress. Just check out the top campaign contributors to the House Financial Services Committee and Senate Banking Committee members.

Read more:
http://www.forbes.com/sites/kotlikoff/2016/03/18/jp-morgan-chase-the-true-story-of-americas-most-corrupt-bank/#51d37e7054c3

[Sandi in Los Angeles]

1. Yes!!!!!

Never thought anyone would ever out-sleaze BofA, but I was wrong

[think]

3. There's definitely some heavy competition for this honor /nt

[Califonz]

2. Support your local credit union!

Ditch the Giant Monster Megabanks!

Often you can get a free checking account, too! Refunds on 3rd party ATM fees (up to $20/month)!

[neeksgeek]

4. Answer: Yes

Speaking as a former employee of a (now-defunct) financial services company that included Chase among their clients, I had regular contact with them. Felt like I was working for thieves.

[Jefferson23]

5. Thieves...disgusting thieves. K&R

[Wellstone ruled]

6. There was a story out

about how JP Morgan Chase was helping Maddoff with help from Bank of New York Mellen to move his wealth overseas. And yes,these guys are slime balls,remember the Boom Boom Room.