Showing posts with label Jamie Dimon. Show all posts
Showing posts with label Jamie Dimon. Show all posts

Monday, July 17, 2017

Cowardice

They kept information from the public

They protected the status quo

They ignored evidence

They sealed inconvenient truths from the public

They protected the Fed and government agencies

They prevented a jury trial by peers and the presentation of reasonable belief,
that the economy became rigged in 2008-9,10, 11, 12, 13, 14, 15, 16 and in the present moment

They let Jamie Dimon etc... off the hook

They let Obama and George Jr. off the hook,
along with Janet Yellen, Ben Bernanke etc...


Saturday, June 18, 2016

"By occupying the seat of defender of the least powerful while advocating policies that would harm the least powerful, senator [Elizabeth Warren] has become a danger to her own cause."

"...Her position on the Banking Committee gives her an audience with the Chair of the Federal Reserve on a regular basis. Yet she has never taken the opportunity to raise the issue of monetary inflation and its ill effects. Instead she has focused on the Fed’s decisions not to “break up big banks” or “bring bankers to trial” for various misdeeds.

Which really isn't true;

JPM CEO Jamie Dimon Securities Fraud and Insider Trading
condoned by Hillary Clinton and Elizabeth Warren


Elizabeth Warren and Hillary Clinton 
condoned Bank of America's Brian Moynihan Insider Trading and Securities Fraud


Some of these misdeeds are real, but none related to what Senator Warren contends are her main concerns: wage stagnation and income inequality. Indeed, whether most deposits are held and most loans are made by 10 banks or 10,000 banks won’t change income and wealth inequality if the banks are members of a protected cartel that creates money out of thin air and loans it into the financial system. Senator Warren’s efforts in this respect use up attention and energy that could otherwise be devoted to understanding what actually causes the wage stagnation and inequality: the systematic and perpetual wage and savings devaluation, and asset price inflation, conducted by our central bank.


Janet Yellen, Ben Bernanke, Eric Holder and friends
let Wall Street off the hook and printed money to bail out the pols,
got away with it without repercussion
and people like Elizabeth Warren who says one thing in public
let them off the hook behind closed doors

We should not quarrel with Senator Warren’s stated goal of protecting the least powerful in society, but we should take issue with many of Senator Warren’s proposed strategies to achieve her stated goal — because they don’t work.

If Senator Warren wishes to achieve her stated goals, then she should re-think her policy objectives, become familiar with basic economic principles, and adjust her policy prescriptions accordingly, especially with respect to the central bank."

https://mises.org/blog/elizabeth-warren%E2%80%99s-war-poor

Quantitative Easing didn't save the economy,
it saved those who caused the problems in the first place
by manipulating financial markets and pulling future growth into the present
for the benefit of those at the top,
and now 'we' are out of ammo;

http://www.zerohedge.com/news/2016-06-17/jeff-gundlach-things-are-going-get-pretty-scary


Friday, June 10, 2016

Bank of America's Brian Moynihan Insider Trading and Securities Fraud

On November 6, 2008, Bank of America borrowed $15 billion at 0.60% from the Federal Reserve Term Auction Facility with $43.235 billion in Unencumbered Collateral representing an undisclosed credit line with the Fed, of which the amount borrowed, credit line, term and interest rate was not disclosed to Bank of America's shareholders, the public and presumably the SEC.

On November 20, 2008, Bank of America borrowed $15 billion at 0.51% from the Federal Reserve with $82.946 billion in Unencumbered Collateral representing an undisclosed credit line with the Fed, of which the amount borrowed, credit line, term and interest rate was not disclosed

http://www.federalreserve.gov/newsevents/reform_taf.htm

On January 2, 2009, Bank of America borrowed $15 billion at 0.20% from the Federal Reserve with $87.012 billion in Unencumbered Collateral representing an undisclosed credit line with the Fed, of which the amount borrowed, credit line, term and interest rate was not disclosed

On January 15, 2009, Bank of America borrowed $15 billion at 0.25% from the Federal Reserve with $169.903 billion in Unencumbered Collateral representing an undisclosed credit line with the Fed, of which the amount borrowed, credit line, term and interest rate was not disclosed

While BAC was in possession of massive Federal Reserve provided Term Auction Facility loans 
with undisclosed credit lines, amounts borrowed, terms and interest rates
not disclosed to Bank of America's shareholders, the public or presumably the SEC, 
then President of Global Banking and Wealth Management Moynihan Brian T. 
purchased BAC stock on 2009-01-21 for $115,800, 
2009-01-22 for $61,250, 
2009-02-05 for $77,800 and 2009-02-06 for $61,400 
without being arrested for Insider Trading.

On January 29, 2009, Bank of America borrowed $15 billion at 0.25% from the Federal Reserve with $185.410 billion in Unencumbered Collateral representing an undisclosed credit line with the Fed, of which the amount borrowed, credit line, term and interest rate was not disclosed

http://media.corporate-ir.net/media_files/irol/71/71595/reports/2008_AR.pdf

http://media.corporate-ir.net/media_files/irol/71/71595/reports/2009_AR.pdf

http://www.federalreserve.gov/newsevents/reform_taf.htm
.
.
While BAC was in possession of massive Federal Reserve provided Term Auction Facility loans with undisclosed credit lines, amounts borrowed, terms and interest rates not disclosed to Bank of America's shareholders, the public or presumably the SEC, Chairman CEO and Lewis Kenneth D. purchased BAC stock on 2008-11-04 for $1,987,030, 2009-01-20 for $1,203,000 and 2009-02-04 for $959,000 without being arrested for Insider Trading and Securities Fraud, for violations of Sarbanes-Oxley reporting laws.

While BAC was in possession of massive Federal Reserve provided Term Auction Facility loans with undisclosed credit lines, amounts borrowed, terms and interest rates not disclosed to Bank of America's shareholders, the public or presumably the SEC, then Pres Glbl Bkg Sec & Wealth Mgmt Thain John A. purchased BAC stock on 2009-01-21 for $483,319, without being arrested for Insider Trading.
             
http://www.insider-monitor.com/trading/cik70858-3.html
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Previously;

$WFC CEO Stumpf and Chair Kovacevich Securities Fraud and Insider Trading 

http://hartzman.blogspot.com/2014/09/wells-fargo-ceo-john-stumpf-and.html

Wachovia CEO Robert Steel's Securities Fraud and Insider Trading 

http://hartzman.blogspot.com/2014/05/new-perella-weinberg-ceo-robert-steels.html

JPM CEO Jamie Dimon Securities Fraud and Insider Trading 

http://hartzman.blogspot.com/2014/09/happy-labor-day-jpm-ceo-jamie-dimon.html

Citibank CEO Vikram Pandit Securities Fraud and Insider Trading 


http://hartzman.blogspot.com/2014/09/citibank-ceo-vikram-pandit-securities.html  

For the 400,000 plus Wells Fargo clients being lied to on their "Envision" retirement plans 


http://hartzman.blogspot.com/2013/01/envision.html

BB&T CEO Kelly King and CFO Daryl Bible Securities Fraud 

http://hartzman.blogspot.com/2014/09/bb-ceo-kelly-king-and-cfo-daryl-bible.html

Securities Fraud and Perjury via the Wells Fargo Wachovia Merger

http://hartzman.blogspot.com/2014/09/securities-fraud-and-perjury-via-wells.html


SEC Whistleblower Evidence 

http://hartzman.blogspot.com/2013/02/sec-and-finra-whistleblower-evidence.html