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Tuesday, November 11, 2014

Why Matt Taibbi Thinks This Woman Is JPMorgan's "Worst Nightmare"

In reality, there is nothing surprising in Matt Taibbi's latest piece since returning to Rolling Stone from the Intercept, as it tells a story everyone is by now is all too familiar with: a former bank employee (in this case Alayne Fleischmann) who was a worker in a bank's (in this case JPM) mortgage operations group, where she observed and engaged in what she describes as "massive criminal securities fraud" and who was fired after trying to bring the attention of those above her to said "criminal" activity.

The story doesn't end there, and as Carmen Segarra already showed, when she revealed that Goldman runs the NY Fed, once Alayne was let go and tried to "whistleblow" on the house of Jimon from the outside, she found the that US Department of Justice headed by Eric Holder is just as, if not more, corrupt, and in his desperate attempt to prevent discovery and bring JPM et al to justice, he would stretch the statue of limitations on frauds committed during the crisis long enough to where nobody had any legal recourse any more, up to and including the US taxpayer.

That is the 1 minute recap of yet another story in which the good guys lose, the bad guys bet everything on red, are bailed out when black hits, lie, never go to jail and instead use the same bailout funds to keep paying "settlement charges" to bribed government officials and avoid prison time. In short, the bad guys win.

And all with the help of every branch of the US government.

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