President-elect Donald Trump isn’t just appointing incompetent buffoons to his Cabinet, but deeply immoral individuals who are completely lacking in family values.
London Whale
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The Forex Fix: Understanding the Foreign Currency Scam In London
What would be funny, if the consequences weren’t so terrible, is the sheer stupidity of these guys when it came to covering their tracks.
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Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis
Investors led by BlackRock, the world’s largest asset manager, and PIMCO, the world’s largest bond-fund manager, have sued some of the world’s largest banks for breach of fiduciary duty.
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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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JPMorgan Hit With $920 Million Fines for $6 Billion London Whale Derivatives Scandal
JPMorgan Chase has agreed to pay $920 million in penalties to U.S. and U.K. regulators over the "unsafe and unsound practices" that led to its $6.2 billion London Whale losses last year.
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Ellen Brown: The Leveraged Buyout of America
Giant banks are buying up our country’s infrastructure, the power and supply chains that are vital to the economy. Aren’t there rules against that?
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JPMorgan Chase to Pay $500 Million for Energy Fixing Scandal
The Federal Energy Regulatory Commission has fined Chase for manipulating energy prices in Enron-esque fashion in Michigan and California.
