Tuesday, May 21, 2013

Chase's Dimon Wins Despite (Or Thanks To?) Lengthy Rap Sheet | Common Dreams

Chase's Dimon Wins Despite (Or Thanks To?) Lengthy Rap Sheet | Common Dreams
"Shareholders of JPMorgan Chase have reportedly declined to strip Jamie Dimon of his title as mega-fat-cat Chairman/CEO of the ultimate too-big-to-fail-or-God-forbid-jail Chase, despite an unending stream of reports of illegal activities, an upcoming Senate hearing on one $8 billion scandal, and an astonishing new 45-page report, “JPM – Out of Control,” documenting case after case of fraud and abuse, from foreclosure fraud and Bank Secrecy Act violations to money laundering for drug cartels and obstruction of justice, resulting in a company that's essentially "a criminal racket just days away from imploding, were it not propped up by implicit bailout guarantees and light-touch regulators." Yeah, sure, let's keepthe guy who ran it."