Tag Archive | JP Morgan Chase
Financial Regulators Crush Small Fry and Feed Big Whales
The Securities and Exchange Commission has taken the decades-old, stereotypical criticism of useless federal government regulators and owned it. Time and time again the agency has chosen not to enforce rules against the most powerful institutions, has turned a blind eye as the institutions continue fraudulent behavior and has codified the injustice of an economically-elite […]
JP Morgan Chase Investors Are Our Representatives
In addition to receiving campaign contributions from JP Morgan Chase, at least 38 members of Congress own shares in the bank. According to OpenSecrets.org data, 15 Democrats and 23 Republicans owned shares in JPMorgan Chase worth a total of between $2.1 million and $3.8 million in 2010. Two Senators and four House members owned at least […]
Dodd-Frank Compliance = Building Panama Canal Every Year
The quantity and complexity of financial reform into the Dodd-Frank bill simply is not necessary. Two years after the bill was signed into law, regulators have written only 185 of 400 new rules totaling 5,320 pages. The subcommittee on financial institutions and consumer credit predicts it will take the private sector some 24 million hours […]
Whistleblower Halts The Chase Debt Collection Racket
These above-the-law banks are practicing credit card debt collection abuses! The same shoddy back-office procedures and flawed legal work we have learned about in mortgage servicing extends into credit cards by these shameless bailed-out-banks. Linda Almonte, a former mid-level business process executive in Chase’s San Antonio-based Credit Card Litigation Support Group, was dismissed in November […]
The Shattered Economy Is A Crime Scene
During the State of the Union address by President Obama, The New York Attorney General, Eric Schneiderman, was announced as leading a new Financial Crimes Unit. I was skeptical of this appointment because we have had an active Financial Fraud Task Force that wasted over two years already. Obviously enough American citizens are screaming about the […]
Top Justice Officials Are Connected to Mortgage Banks
U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented the 4 largest mortgage-holding banks as well as Freddie Mac and MERS, a Reuters inquiry shows. Since their appointments, two subordinates have moved from their government departments to that […]
