Economy

Demeter

(85,373 posts)

5. Banking Deaths: Why JPMorgan Stands Out

Sat Jul 12, 2014, 12:50 PM

Jul 2014

http://wallstreetonparade.com/2014/05/banking-deaths-why-jpmorgan-stands-out/

FOLLOW THE MONEY...SEE ALSO

Profiteering on Banker Deaths: Regulator Says Public Has No Right to Details

http://wallstreetonparade.com/2014/06/profiteering-on-banker-deaths-regulator-says-public-has-no-right-to-details/

....The absurdity of Stipano’s position rests in this paragraph:

“All of the information you requested was either provided by JPMC to the OCC or created by the OCC in the course of its examination of JPMC. Therefore, all of the responsive information is related to the OCC’s examination of JPMC and examination reports prepared by the OCC, and it is exempt from disclosure under the FOIA pursuant to Exemption 8. The application of Exemption 8 to the responsive materials promotes “frank cooperation” between JPMC and the OCC…”

Simple translation: JPMorgan Chase can be trusted to engage in “frank cooperation” with its regulators as long as the bank and the regulator keep the public in the dark about the details of corruption festering inside the bank....

YOU DON'T NEED A THEORY TO SMELL CONSPIRACY

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