Saturday, August 10, 2013

JP Morgan,Chase,Washington Mutual , Long Beach Mortgage What they have in common

No Jamie, your not responsible for anything that goes wrong. The housing collapse, the fraud committed with Washington Mutual  and Long Beach mortgages, YOU had in your possession, Your employees even stated , yes, in writing to the VT AG and the OCC and a lawyer, Yes, we own both loans, and sent copies of both the mortgage and the note and the HUD paperwork. A year later , suddenly, whoops, we don't own the first, but we do have the second, and were gonna write the second one off as paid and satisfied . So , how did you also have in hand BOTH a year earlier? How was it also, it showed up in a private hedge funds hands a year and a half later, when after 7 years only you were able to show proof of both notes? How many other people who had Washington Mutual  and Long Beach notes did you fraud this way?

You SIR need to go to jail with no pass. Instead of throwing your employees under the bus, how about being a man, and taking responsibility for your wrong doings for a change? I forgot, your no man, your a coward. Your karma will come ..its a matter of time. Your no different than Bernie Madoff .. except your fraud has gone global, and he paid for his crimes and you run from it.

Two former JPMorgan Chase employees are expected to be arrested for their role in the so-called "London Whale" scandal that lost the bank roughly $6.2 billion last year, The New York Times reports. The arrest of the employees, Javier Martin-Artajo and Julien Grout, will reportedly take place in London.
Not among those expected to be charged is the London Whale himself, one Bruno Iksil, who built up the massive positions in the derivatives market that eventually cost the bank billions, according to a Reuters report published Thursday. According to a later report, Iksil will have to play a key role in any arrests related to the scandal.
On Thursday, Reuters reported that JPMorgan, the largest bank in the country by assets, was close to a settlement with the Securities and Exchange Commission over the scandal in which the bank would admit fault, a relative rarity on Wall Street.
The Federal Bureau of Investigation and federal prosecutors are separately investigating whether company employees underrepresented the scandal's potential fallout to investors in a 2012 meeting, according to a separate New York Times report.
The company's chief executive officer, Jamie Dimon, early on described the scandal as a "tempest in a teapot," an opinion he later described as "dead wrong," according to the Wall Street Journal. But Dimon has maintained that he did not purposefully deceive anyone with his initial comments. "There was no hiding, there was no lying, there was no bullshitting, period," he said of the scandal In June.

No comments:

Post a Comment