Jim’s Mailbox

Posted at 5:45 PM (CST) by & filed under Jim's Mailbox.

JB,

Purpose or consequence?

For every action there is an equal and opposite reaction…!

Bill

Wikileaks File Dump
April 13, 2019

[Available here]

 

Jim,

This story got no coverage.

Dave

Research Study on Ongoing Crime Spree by Wall Street Mega Banks Gets News Blackout: Here’s Why
April 12, 2019

One day before Democrats on the House Financial Services Committee held an historic grilling of the CEOs of the mega banks on Wall Street, the nonprofit watchdog, Better Markets, released an in-depth research report on “Wall Street’s Six Biggest Bailed-Out Banks: Their RAP Sheets & Their Ongoing Crime Spree.” The report detailed facts, figures and this inescapable conclusion:

“[Six Wall Street mega banks] have engaged in—and continue to engage in—a crime spree that spans the violation of almost every law and rule imaginable. Taking the breadth and depth of their illegal conduct as a whole, the six biggest banks in the country look like criminal enterprises with RAP sheets that would make most career criminals green with envy. That was the case not just before the 2008 crash, but also during and after the crash and their lifesaving bailouts…In fact, the number of cases against the banks has actually increased relative to the pre-crash era.”

The six mega banks profiled in the report are: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.

A reliable source tells us that all major business media received the report on Tuesday, April 9. We know that Politico had the report by 8:00 a.m. because its “Morning Money” column provided a small news nugget at that time announcing that the report was out. Politico did not follow up, however, with any detailed coverage of the shocking revelations in the report.

More…