What about the big bankster launderers in big banks?

Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!) | Common Dreams

Report Reveals JP Morgan as a Lying, Scheming Rogue Trader (Quelle Surprise!) | Common Dreams
"The first stunner, that JP Morgan was restating the first quarter financials, should have caused a deafening ringing of alarm bells. For a company of JP Morgan’s stature to be compelled to restate prior period financials is a very clear signal of bigger problems with their overall financial reporting. In isolation we would normally expect to see a massive selloff with an event of that seriousness. Analysts and reporters may have missed the significance since it was dropped into a footnote and overshadowed by the other disclosures. …

But the real cause for alarm is the reason for the restatement. JPM was forced to disclose that it relied on its traders to provide honest and accurate valuations for its financial statement disclosures. That’s like putting the foxes in charge of not just the henhouse, but the entire farm."

Will J.P. Morgan Chase Be Torn a New One? | Common Dreams

Will J.P. Morgan Chase Be Torn a New One? | Common Dreams
"If you can fight through the jargon, what this basically means is that Chase decided to go into the fiction business and invent a new way to value its crazy-ass derivative bets, using, among other things, a computerized model the company designed itself called "P&L predict" which subjectively calculated the value of the entire fund toward the end of every business day."

Wall Street CEO Wants U.S. To Follow Europe Into Austerity

Wall Street CEO Wants U.S. To Follow Europe Into Austerity: The European economy is still struggling to recover from the Great Recession as its leaders have chosen to focus on deficits and debt instead of unemployment and growth. But at a speech in Miami, JP Morgan Chase CEO Jamie Dimon seemingly ignored the struggling European economies and praised leaders there for having a “will” to [...]/p

JP Morgan's Jamie Dimon Spurs Outrage in Davos | Common Dreams

JP Morgan's Jamie Dimon Spurs Outrage in Davos | Common Dreams
"Amid calls for stricter regulations of the banking industry, JP Morgan CEO Jamie Dimon came under fire Wednesday after telling corporate and political leaders at the World Economic Forum that banks had been wrongly "scapegoated" as the cause of the global economic crisis, and resisted calls for increased regulation of the financial industry."