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In reply to the discussion: Matt Taibbi's New Rolling Stone Piece. WOW!!! [View all]woo me with science
(32,139 posts)3. Jaw-dropping corruption by our own government,
under a Democratic administration. The Third Way is not what it pretends to be. We are dealing with slimy corporate sociopaths and criminals...in the financial castles and in our own government.
One of the ongoing myths about the financial crisis is that the government is outmatched by the legal talent representing the banks. But Fleischmann was impressed by the lead attorney in her case,a litigator named Richard Elias. "He sounded like he had been a securities lawyer for 10 years," she says. "This actually looked like his idea of fun like he couldn't wait to run with this case."
She gave Elias and his team detailed information about everything she'd seen: the edict against e-mails, the sabotaging of the diligence process, the bullying, the written warnings that were ignored, all of it. She assumed that it wouldn't be long before the bank was hauled into court.
Instead, the government decided to help Chase bury the evidence. It began when Holder's office scheduled a press conference for the morning of September 24th, 2013, to announce sweeping civil-fraud charges against the bank, all laid out in a detailed complaint drafted by the U.S. attorney's Sacramento office. But that morning the presser was suddenly canceled, and no complaint was filed. According to later news reports, Dimon had personally called Associate Attorney General Tony West, the third-ranking official in the Justice Department, and asked to reopen negotiations to settle the case out of court.
Read more: http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106#ixzz3IJnvzrej
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I'm sure Taibbi has the ghost of Hunter Thompson stirring a bit in approval from time to time.
maddiemom
Nov 2014
#20
Not prosecuting acts of financial terrorism is a big part of why Democrats just got slaughtered.
Zorra
Nov 2014
#12
Are you trying to make a point with that question? If you don't agree with the post
rhett o rick
Nov 2014
#47
Jamie Dimon being in jail wouldn't have made a single bit of difference as to why some random
Calista241
Nov 2014
#104
Until you make individuals feel personal pain there will be no deterrent...
True Earthling
Nov 2014
#92
"But that morning the presser was suddenly canceled, and no complaint was filed."
Hissyspit
Nov 2014
#5
Taibbi hates Obama. He's only doing this to make the Obama Administration Look Bad.
Jackpine Radical
Nov 2014
#10
I don't think cover is needed. They are getting more bold all the time. But be careful.
rhett o rick
Nov 2014
#56
"Too confining" indeed. He thought it would be expansive and he found himself
Lodestar
Nov 2014
#114
As one fighting Mitt the Pitts - for similar; I'm still all in on Barack Obama
laserhaas
Nov 2014
#73
K & R for Matt, absolute love how he exposes these bastards for what they are. nt
mother earth
Nov 2014
#26
It is so tragic that these major criminals and fraudsters were protected from prosecution by
sabrina 1
Nov 2014
#43
I know, I worry about people who dare to tell the truth about them. I remember the
sabrina 1
Nov 2014
#63
Remember when they introduced the 'team colors'? I remember even a few of our media 'news' people
sabrina 1
Nov 2014
#64
Yes, that is how I identify them now. Raise an issue like the Ban on Offshore Drilling eg
sabrina 1
Nov 2014
#99
This is how all the corruption got locked into the system. Revolving doors everywhere.
GliderGuider
Nov 2014
#106
Yeah, just watched it. Yes, astonishing, and learned something about Holder too.
2banon
Nov 2014
#110