BERNIE SANDERS: "Ok, Jamie (Dimon): Let me clear things up for you."

[Passages]

5. Sanders always gets right to it.

Dimon should be in jail, btw.

**One of the myths of the financial meltdown is that criminal activity did not occur at institutions like Merrill Lynch, because it lost billions. But as William K. Black explained in his book on the S&L crisis, The Best Way to Rob a Bank, Is to Own One. Or to “manage” one. Merrill had a bad case of control fraud where managers extract high bonuses and compensation while their institution is run into the ground and in-the-dark shareholders are defrauded by their own managers. New money from securitizations was used to enrich the “managers” who were in this sense “old investors.” Other “old investors” were the shareholders earning high dividends in investments in mortgage lenders and the officers of mortgage lenders that extracted high compensation from these imploding lenders.

https://www.tavakolistructuredfinance.com/fhfa-bank-fraud/