Biden cared more about the appearance of having an independent DOJ untainted by politics than he did about holding an unrepentant criminal ex-president accountable.
BEAR STEARNS
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What Fine? Why JPMorgan Is Laughing All the Way to the Bank
The $13 billion fine on civil charges, including $4 billion in direct assistance to swindled homeowners in mostly depressed inner city neighborhoods, is to be applauded. But it represents only about half of the profit JPMorgan garnered last year.
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JPMorgan Chase Fined Historic $13 Billion for Mortgage Fraud
The settlement between America's largest bank and the Department of Justice was greater than the anticipated $11 billion, and will not release the bank from facing further criminal liability charges for its role in helping bring down the US economy.
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Armageddon On Wall Street: The Looming Mass Destruction from Derivatives
The shadow banking system is propped up by a hidden government guarantee known as safe harbor status, pushed through by Wall Street, which has created perverse incentives for the financial system to self-destruct.
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Ex-Wall Street Chieftains Living Large in Post-Meltdown World
The Center for Public Integrity looks at what happened to five former Wall Street kingpins to see what they are up to these days. None are in jail, nor are any criminal charges expected to be filed.
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Investigation: What the JPMorgan Chase Energy Scandal Reveals About Fossil Fuel Financing
JPMorgan Chase's criminal, "systemic cover-up" in its manipulation of energy markets reveals a sea change, as banks have gone from simply financing the dirty energy sector to becoming producers and distributors in those markets.
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Sacramento CA, Sues Big Banks Over LIBOR Rate Manipulation
Sacramento County has sued Bank of America, Citigroup, Deutsche Bank and 15 others, saying they cost the city untold sums by manipulating LIBOR.
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Record Mortgage Fraud Litigation Hits Nation's Biggest Banks
Dozens of new claims have been filed dozens of new claims against Bank of America, JPMorgan Chase, Wells Fargo and Citigroup related to more than $1 trillion worth of mortgage-backed securities.
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Snakes and Laddering: The Bear Stearns Debacle
The New York Attorney General accused Bear Stearns of "fraudulent and deceptive acts" but made no mention of criminal charges and named no individuals. Like the dotcom crash that was really a Wall Street heist, it's time for us to follow the small print.
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New York Attorney General's JP Morgan Lawsuit: Too Little, Too Late
This pre-election stunt suit is made up of old evidence and could have been filed years ago.
