The Hardened Felons and SJWs of Wall Street
Quick question: what do you call someone who has pleaded guilty to FIVE CRIMINAL FELONIES in the past six years?
Hardened criminal? Irredeemable? Super predator?
No, no, and nope.
On Wall Street he is called "CEO".
You might think that someone that repeatedly gets caught committing felonies would at the least lose their job. But not Jamie Dimon.
The routine of charging the largest bank in the United States with felonies and placing it on a three-year probation is now so yawn-worthy at the U.S. Department of Justice that the prosecutors didn’t even bother to hold the usual press conference today to announce the charges and settlement. The Justice Department simply issued a press release and a Deferred Prosecution Agreement which both sides had already signed.
Ho-hum. America's largest bank got caught committing more felonies. What's on TV?
So do you think that Dimon is reviled and ostracized for his criminal record and constant lawbreaking? On the contrary.
Jamie Dimon is a Social Justice Warrior.
JPMorgan Chase commits $30 billion to help shrink racial wealth gap
JPMorgan gives $5M to help diversify Philadelphia's construction industry
JPMorgan Pledges to Push Clients to Align With Paris Climate Agreement
How sweet. This institutionalized, predatory felon cares about systemic racial justice.
Or maybe not.
Right around the same time JPM was announcing big spending to diversify corporate board rooms, this happened.
JPMorgan Chase & Co., Wells Fargo, and Stifel, Nicolaus & Co. are being sued for allegedly aiding and abetting actions that led to the toxic contamination of the water supply of Flint, Michigan, according to a report.
The lawsuit, filed on behalf of 2,600 children in federal court in Detroit, claims the banks funded a $220 million municipal bond sale for the construction of a new water pipeline which emitted lead-tainted water in a disaster that upended life in the poor, majority-Black city.
“All three knew 100% that if they participated in the bond sale, children would get hurt, children would be brain damaged and people's lives would forever be changed,” said Corey Stern, a lawyer at Levy Konigsberg LLP who filed the lawsuit. “But rather than doing the right thing, the ethical thing, the moral thing, they participated with government defendants in creating that situation for the kids in Flint because of the money that they stood to earn.”
Social Justice Warriors like to talk about systemic racism, but they often don't seem to understand what the word "systemic" means.
It doesn't mean using the correct adjective or pronoun, or the racial diversity of a corporate boardroom, which Jamie Dimon seems to think.
Ending systemic racism means things like fully funding public schools in poor, minority neighborhoods, giving health care to people regardless of their ability to pay, and not poisoning poor, black children for profit!
But let's be fair. Citigroup was also scoring SJW points recently.
Whoohoo. Breaking the glass ceiling just in time for this.
The OCC imposed a $400 million fine on Citigroup’s federally-insured commercial bank, Citibank, and stated in its Consent Order that it had “identified unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations.”“Noncompliance with multiple laws and regulations” means the bank has broken “multiple laws and regulations.” But, apparently, the laws it broke, how it broke them, and who benefited and by how much is just too explosive a story to see the light of day. The Consent Orders from both the OCC and Federal Reserve failed to specify exactly what crimes Citigroup had committed and instead used vague generalities such as “unsafe or unsound practices.”
The Federal Reserve’s Consent Order did include two deficiencies that jumped off the page: “capital planning” and “liquidity risk management.” Problems with capital and liquidity are not something one wants to read about Citigroup in 2020 because it is the bank that became insolvent and received the largest taxpayer bailout in global banking history during the 2007 to 2010 financial crisis.
The bank has obviously done something very bad because the OCC has put it on a very tight leash – which is done only in extreme circumstances.
Hmmm. A crime too shocking to be spoken aloud. Kafka would understand.
In fact, the absurdity of the situation can only be understood by Kafka.
Comments
Well done gjohn!
Of course not. Our form of governance is greed.
Won't change until all are gone.
Regardless of the path in life I chose, I realize it's always forward, never straight.
So...
...is THIS where all the political-correctness NewTruth has been coming from these past 6 years?
In the Land of the Blind, the One-Eyed Man is declared mentally ill for describing colors.
Yes Virginia, there is a Global Banking Conspiracy!
Will Biden come to the rescue?
Perhaps he can find something for him in his potential administration.
Max and Stacy called it trickle down plunder
In this episode of Keiser Report, Max and Stacy look at plunder trickling down after wealth failed to over the past 40 years. In the last days of fiat, the only option, it seems, is to take as much of the free money being sprayed around the economy. In the second half, Max continues his conversation with Zeus Yiamouyiannis of OfTwoMinds.com, about how economic value has lost all meaning when the market itself is fake and how this fact plays out across the economy. The discussion turns to ‘extorting the little guy’ and what this tells us about the structure of the monetary and financial systems. (27 min)
[video:https://www.youtube.com/watch?v=WvM4rYSrXpo]
Max cusses Jamie Diamond all the time, but not in this episode as I remember. Let let non-violent drug offenders out of jail and clear their record, and put these wall street banksters in their place.
“Until justice rolls down like water and righteousness like a mighty stream.”
I say we use
the Corporate Charter Revocation Act. There's a "model act" here
C99, my refuge from an insane world. #ForceTheVote
The death penalty for
corporations. The perfect end for “people” who have committed murder and mayhem.
"The object of persecution is persecution. The object of torture is torture. The object of power is power. Now do you begin to understand me?" ~Orwell, "1984"
Diversity of the 1%
Meanwhile they can rip off everyone else.