...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 Americas $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 Taibbi, 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. “I think the only reason that we got a task force in the first place is because we got things like Occupy, like Matt Taibbi, who just wouldn’t let it go. Now, it’s a question of doing that again – the media covering it, and people writing to their representatives demanding that they act...”
Posted on: Tue, 06 Jan 2015 00:47:05 +0000
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