Is JPMorgan Chase America's Most Corrupt Bank?
By Laurence Kotlikoff, Forbes
Excerpt:
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, readJPMadoff: 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 Diamon, Chairman, President, and CEO of JP Morgan Chase.
