Union Pension fund sues JP Morgaqn for "culture of lawlessness"
If this is not approp. for this group, let me know, pls.
But I was pleased that a Union was facing down BJP when the Feds obviously don't give a damn.
JP Morgan and directors including Chief Executive Officer Jamie Dimon were sued by an investor for creating
“a culture of lawlessness”
that led to billions of dollars in settlements tied to mortgage-backed securities and Bernard Madoff’s Ponzi scheme.
Under Dimon’s leadership, the New York-based company
*sold low-quality residential mortgage-backed securities,
* failed to report questionable activity by Madoff,
*manipulated energy markets and
* engaged in fraudulent credit-card billing strategies,
the Iron Workers Mid-South Pension Fund said in papers filed March 17 in Delaware Chancery Court and partly unsealed yesterday. http://www.bloomberg.com/news/2014-03-21/jpmorgan-sued-by-investor-over-culture-of-lawlessness-.html
the bank has been found guilty of the obove in SEC and other Gov't cases, which were settled for money.
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