Tag Archives: London Whale

Banker Lies and Misrepresentation — The Present and Lessons From the Past

By RayLearsy | Published August 15, 2013

As featured on The Huffington Post: Yesterday U.S. prosecutors accused two low-level JPMorgan executives with criminal charges of wire fraud and falsifying regulatory filings of risky and complex credit derivatives that led to the bank’s massive loses in the ‘London Whale’ scandal. JPMorgan, as do all banks, had the obligation to honestly report its assets…
Read More

Also tagged Bank Of The United States, Business News, Financial Crisis, Jamie Dimon, Jpmorgan, politics, Preet Bharara U.S. Attorney Southern District Of New York, President Andrew Jackson | Tagged Bank Of The United States, Business News, Financial Crisis, Jamie Dimon, Jpmorgan, London Whale, politics, Preet Bharara U.S. Attorney Southern District Of New York, President Andrew Jackson | Leave a comment

The Cost of Nearly Everything Is Rigged, Enriching the Bank Fixers

By RayLearsy | Published August 12, 2013

As featured on The Huffington Post: That banks are able to manipulate became clear as a bell with the findings of the Libor interest rate fixing scandal (“Everything is Rigged: The Biggest Price Fixing Scandal Ever” Rolling Stone 04.25.13) whereby some sixteen too big to fail banks were accused of colluding to manipulate interest rates…
Read More

Also tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Tagged Bart Chilton, Business News, Commodity Futures Trading Commission, Congress, Federal Energy Regulatory Commission, Federal Trade Commission, Financial Crisis, Gas & Oil, Goldman Sachs, Jpmorgan, Justice Department, Libor, Libor Rate-Rigging Scandal, London Whale, Senate Banking Committee, The Fed, U.S. Sen. Sherrod Brown | Leave a comment