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Is JPMorgan a bank or a criminal enterprise?

jail-banksters

So far, no high level banksters have gone to prison for their roles in the financial fraud and collapse. Thousands of bankers went to prison during the S&L scandal of the 1980’s. The feds are finally making noises about filing criminal charges. But these must be against people and not just against the corporations. We will begin to have Rule of Law again when elegant thugs in boardrooms like those at JPMorgan get frogmarched to prison.

JPMorgan faces criminal and civil inquiries

JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis

JPMorgan sued over warehouse aluminum prices

Glencore Xstrata and JPMorgan Chase & Co face a U.S. lawsuit alleging they artificially inflated aluminum prices and disrupted supplies, as legal challenges related to metal warehousing piled up this week.

JPMorgan said to be near SEC settlement on ‘London Whale’ loss

JPMorgan Chase & Co. is negotiating the final terms of a deal with the Securities and Exchange Commission to close the regulator’s yearlong investigation into a derivatives bet that led to the bank’s largest trading loss ever, according to two people briefed on the talks.

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