'They rob people big time!' JPMorgan's 'Worst Nightmare' Alayne Fleischmann to Max Keiser

[jakeXT]

Max interviews Alayne Fleischmann, the JP Morgan whistleblower, profiled in the latest Rolling Stone magazine. They talk about fraud in the mortgage backed securities business, the statute of limitations on wire fraud and what exactly it is that Jamie Dimon wants.

Alayne Fleischmann, a former lawyer at JPMorgan Chase, whose testimony helped secure a $13 billion fine for the bank, says that most big-time fraudsters have got away scot-free, and claims that only continued public interest can ensure they are punished.

In 2006, Fleischmann worked in a team that repackaged individual home loans as securities. She witnessed a host of violations, including never-to-be-repaid subprime loans being mis-sold as reliable investments, helping to heat the market that sparked the worldwide financial crisis in 2008.

For years, she has been communicating her testimony to investigators, only to see the authorities and other companies strike deals with the rule-breaking giants, meaning that the public never got to hear about the specifics of the rampant infringements at JPMorgan Chase. She did, however, help the RMBS Working Group, a mortgage fraud task force set up in 2012, to extract the biggest fine in banking history - $13 billion (it has since been surpassed by Bank of America's $17 billion fine for similar offenses). But JPMorgan’s chief executive since 2004, Jamie Dimon, has not resigned, and the company itself is in rude health, registering profits of nearly $18 billion last year.

Last week, Fleischmann outed herself to Matt Taibi, a campaigning journalist at Rolling Stone. The currently unemployed lawyer believes that Dimon and others in the industry can still be made to pay for their evident crimes.

http://rt.com/news/205327-fleischmann-keiser-fraud-jpmorgan/

[99th_Monkey]

1. So now what?

Is this just going to be another 1-2 news cycle 'outrage' and then
everyone just kind of forgets about it??

I mean, hell, these are felonies!! These are high crimes of the worst sort,
the kind that crashes whole nations economies.

What does Eric Holder and/or his successor have to say about this?

When do DoJ investigations begin or end, with a nationally televised trials,
and breathless reporters being 'shocked' by the brazenness and utter
lack of regard for the laws of the land and the people who entrusted
their fortunes to Chase, to have them flushed down a toilet??

Call me old-fashioned, but hell, are these not heinous crimes that need to
be enforced, at least a little bit??

[Jack Rabbit]

2. To answer your question with another question: Do enough people even know about this?

Have the broadcast networks reported on this? Are there any screaming headlines reaching out from a newspaper rack on the street grabbing anybody's attention? I doubt you've heard a peep about it on FoxNews.

The only thing I've seen so far is Matt Tiabbi or Ms. Fleishman appearing on some cable programs, such as Max Keiser's or writing in that publication well-known for muckraking political journalism, Rolling Stone. That's not reaching a very wide audience.

Obviously, what we have here is a criminal conspiracy involving such notable characters as Jaimie "Legs" Dimon and AG Holder. Will they be held accountable? Not by the government. If they're going to be held accountable, it's less likely going to be in prison than it is at a tar-and-feathers party.

[jakeXT]

3. To give them credit, MSNBC had Hayes and the Ed Show talk about it

http://www.msnbc.com/all-in/watch/how-jpmorgan-chase-got-away-with-it-356246596001

[99th_Monkey]

4. Good to know. Thanks. nt

[jalan48]

7. Don't Fly in any Small Airplanes.....

[Jack Rabbit]

9. This is probably the most elaborate interview with Ms. Fleischmann and Taibbi

From Amy Goodman and Juan Gonzalez, of course.
[center]

[/center]

[99th_Monkey]

5. Well, there I go again

Assuming that the M$M would be at least covering this for 1-2 news cycles, but that didn't happen at all. Or at least has not yet happened. Time will tell.

Apparently, to date, only MSNBC did 1-2 segments on Ms. Fleishman's story.
http://www.democraticunderground.com/?com=view_post&forum=1017&pid=226658

[Jack Rabbit]

6. That's what I mean

Chris Hayes and Ed Schultz are good, but really not that much better than Max Keiser when it comes to how many people they reach.

The MSM, at least as it is now, is part of the problem and not part of the solution.

[KoKo]

11. No...Bloomberg did a big Segment with Taibbi and Fleishman, Thom Hartmann...

Progressive Internet Media...Democracy Now & Amy Goodman did a long segment/interview with Matt and Fleishman.

The Bloomberg piece was typical Wall Street Push back...but, both Taibbi and Fleishman came off great in the segment.

Matt is getting alot of good support for this latest article about Wall Street Criminality.

The Problem is.....Most people watch CNN&MSNBC Commercial Filled Garbage...and they don't have money to invest in Business so WHY should they watch some "Boring Financial Fraud" story...if they would even get to see it!

These SAME People were probably SWINDLED by J.P. Morgan and others and are suffering from the Aftermath of these Criminals Crimes....but, they can't connect their Lifestyle Decline (or that they don't even HAVE a LIFESTYLE) to Wall Street Raping them either through a Mortgage they couldn't afford...but HGTV was pushing them to "Flip This House" and all kinds of Media were telling them to BUY NOW....or they got hooked into it by Easy Credit they Got Used to when Reagan allowed EVERYONE to have a Credit Card and use it to Go into Endless Debt...because it was the "GOOD TIMES" and on through Clinton Years.

Sad times when the "Public got Hooked on Credit" and the Banksters even Took their Homes and saddled their Children with College Debt at Usury Rates that might equate with Dicken's times in the mid-1860's of England with Debtors Prisons and so on where the wealthy took from the poor and ground the poor into the ground with every opportunity.

But...no one thought anything of it. Because "EVERYONE was DOING IT" and the MSM in the USA was PROMOTING IT!

[99th_Monkey]

12. Great.

But I think it is a legit. concern how little coverage has resulted,
from this woman, who is now TOTALLY vulnerable and exposed as
a "leaker", who broke her "agreements" i.e. gag order .. and talked
anyway.

If this relative silence continues, it will not spell good news for Ms. Fleishman.

[blkmusclmachine]

8. Savvy!

[KoKo]

10. K&R...Great Watch........!