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Matt Taibbi: The Rumored Chase-Madoff Settlement Is Another Bad Joke


Business  (tags: JP Morgan Chase, Bernie Madoff, settlement, deferred prosecution agreement, rumored $2 B settlement, Arthur Anderson, Enron scandal, "reluctance" to prosecute, bank malfeasance as PR issue, systemic fraud and corruption, Jamie Dimon )

Judy
- 2008 days ago - rollingstone.com
...crude Ponzi schemers like Madoff (150 years) and Allen Stanford (110 years) drew enormous penalties - essentially life terms for both - while no one from any major firm has drawn any penalty at all for abetting those frauds.



   

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Comments

Robert O (12)
Thursday December 19, 2013, 12:52 am
Thanks Judy.
 

Roger G (148)
Thursday December 19, 2013, 12:33 pm
noted, thanks
 

Lois Jordan (63)
Thursday December 19, 2013, 1:39 pm
Noted. Thanks for posting, Judy. Matt Taibbi pulls no punches, and rightfully so. Yes, the criminals should've been frog-marched. They set the system up to play nicely into their own hands, then washed those hands of all the mess. Guess they decided that since the wealthy were literally jumping out windows when the market crashed during the Great Depression, it would be so much better if that didn't happen again.....this time it would be "the little people" who'd be "jumping out windows." Pigs! Bring back the guillotine.
 

Birgit W (160)
Thursday December 19, 2013, 2:36 pm
Noted, thanks.
 

Judy C (91)
Friday December 20, 2013, 7:57 pm
Thanks everyone. Lois, I agree that Matt Taibbi has done great job of informing a lot of people about the Wall St. and banking cesspool. I just wish more people would realize what's really happening, and get more fired up about it. Those thugs and scoundrels deserve to pay for what they continue to do to our country.
 
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