losses

JP Morgan Will Not Be Criminally Prosecuted for Its Role in Madoff’s Ponzi Scheme

January 7, 2014

JP Morgan served as the principal bank for Bernie Madoff, causing losses of $20 billion, yet they will pay only $2.6 billion in settlement charges

Peace In Colombia

November 3, 2013
Social justice activists face grave risks in Colombia, considered to have one of the worst human rights record in the Western Hemisphere

Justice Department Misrepresents JP Morgan Settlement

October 22, 2013

The DOJ gives up the ability to prosecute JP Morgan The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fueled the financial crisis of 2008. The reported $13 billion amount is a misrepresentation of the actual figure by the Justice…

The Government is Finally Arresting Wall Street Bankers…For Losing Wall Street’s Money

August 14, 2013

The Dept. of Justice will let JP Morgan’s London Whale off the hook while prosecuting low-level traders.

Judge Rules Against a Bank – Precedent Could Cost Bank of America Billions

February 11, 2013

Bill Black: Judge rules that Flagstar, a big mortgage lender that gave “liars loans”, is liable to insurance company – same issues at stake in Bank of America case