Liars Loans. Former JPMorgan Chase lawyer Alayne Fleischmann was - TopicsExpress



          

Liars Loans. Former JPMorgan Chase lawyer Alayne Fleischmann was sipping breakfast tea at her Canada home in May when she learned U.S. Attorney General Eric Holder had filmed an Internet video stating the Department of Justices view that no bank is too big to jail. Fleischmann, a secret witness who said she gave federal prosecutors evidence of mortgage-securities wrongdoing she saw at the bank in 2006-07, clicked on the video link. Wonderful, she thought. At last, Holder would announce plans for criminal charges. But Holder didnt mention JPMorgan — the banking giant that six months earlier had reached a record $13 billion civil settlement with prosecutors for marketing toxic mortgage investments like those that contributed to the national financial crisis. Although he foreshadowed then-upcoming cases against two other global banks, Holder said prosecutors should coordinate with regulators to avoid damaging the economy when major financial institutions are hit with criminal charges.
Posted on: Sat, 29 Nov 2014 13:31:49 +0000

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