JPMorgan Caught in Swirl of Regulatory Woes.

[elleng]

Source: nyt

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath.

The findings appear in a confidential government document, reviewed by The New York Times, that was sent to the bank in March, warning of a potential crackdown by the regulator of the nation’s energy markets.

The possible action comes amid showdowns with other agencies. One of the bank’s chief regulators, the Office of the Comptroller of the Currency, is weighing new enforcement actions against JPMorgan over the way the bank collected credit card debt and its possible failure to alert authorities to suspicions about Bernard L. Madoff, according to people who were not authorized to discuss the cases publicly.



Read more: http://dealbook.nytimes.com/2013/05/02/jpmorgan-caught-in-swirl-of-regulatory-woes/

[lonestarnot]

1. K & R X 99.

[elleng]

2. THANKS, lonestarnot!

I think so too!!!

[gateley]

3. "weighing new enforcement actions..."

*yawn*

I'd like to believe that meant more than just fines, but I don't.

I'd like to see Eliot Spitzer head some sort of commission to kick some butt.

[MotherPetrie]

4. And I'll just *bet* they are absolutely quaking in their BOOTS

waiting for anyone in Obama's administration to lower the boom!!!

[MannyGoldstein]

5. Once the US Attorney General says you're too big to prosecute

And you're regularly lunching with the President... I'm thinking you can do whatever the #%^* you want.

[99th_Monkey]

9. The Comptroller wields a mean wrist-slapper. ~nt

[sakabatou]

6. I'm only see a slap on the wrist for these people.

[bluedigger]

7. If they aren't careful, they may get another strongly worded letter.

[Safetykitten]

8. How did you know? Your cop on the beat...Eric Holder

[WestSeattle2]

10. Jamie Dimon needs to be incarcerated in a federal penitentiary for

a minimum of 15 years; along with his peer over at Goldman Sachs. Their operations are nothing more than criminal enterprises.

Liars, thieves and con artists.

Nice lot.

[Munificence]

12. Haha

Blythe will be just fine, I mean she can look at what they done to Dimon and not worry one bit.

[Trillo]

11. Couldn't happen to a better bunch of folks. NT