Department of Justice

Tyler Durden's picture

JPMorgan Officially Apologizes For Being A Criminal Market Manipulator





Presented with little comment, aside to ask - how many 'people' went to jail for this?

 
Tyler Durden's picture

SEC Commissioner Furious That SEC Has Made A Mockery Of "Recidivist Criminal Behavior" By Banks





"It is troubling enough to consistently grant waivers for criminal misconduct.  It is an order of magnitude more troubling to refuse to enforce our own explicit requirements for such waivers.   This type of recidivism and repeated criminal misconduct should lead to revocations of prior waivers, not the granting of a whole new set of waivers.  We have the tools, and with the tools the responsibility, to empower those at the top of these institutions to create meaningful cultural shifts, yet we refuse to use them.  I am concerned that the latest series of actions has effectively rendered criminal convictions of financial institutions largely symbolic."

 
Tyler Durden's picture

"Above The Law" Fed Subpoena'd By Hensarling Over 2012 Leak "To The Priveleged Few"





“It is unacceptable, illegal and corrupt for anyone at the Fed to deliver inside information that could provide a financial advantage to the privileged few and lead to the manipulation of financial markets: Hensarling

 
Tyler Durden's picture

"More Probable Than Not"





To use the ponderous, legally parsed language of the NFL’s Wells Report on “deflate-gate”, language which we think wonderfully encapsulates the pinched spirit of our age, here are four things that we believe are “more probable than not”: 1) Alex Rodriguez has routinely used steroids and PED’s of various stripes since he was a sophomore in high school; 2) Tom Brady has routinely bribed equipment managers with autographed jerseys and new shoes in order to receive footballs deflated well below what he knew was the legal limit; 3) Janet Yellen has routinely leaked market-moving information to favored private sector conduits, and has also sought to quash internal investigations of same; and 4) Ben Bernanke is for sale to the highest bidder.  But here’s the thing, we're not that worked up about 'any' of these issues. What we are worked up about, though, is the mendacity - the utter lack of character and authenticity - on full display in all of these cases. All of these cases and so many, many more.
 
Tyler Durden's picture

Senate Democrats Defeat The President: Why Obama Is Rushing To Fast-Track The TPP





Moments ago, in an embarrassing setback for the president, Senate Democrats in a 52-45 vote - short of the required 60 supporters - blocked a bill that would give President Barack Obama fast-track authority to expedite trade agreements through Congress, a major defeat for the president and his allies who "say the measure is necessary to complete a 12-nation Pacific trade deal that is a centerpiece of the administration’s economic agenda." But don't count it out yet: the WSJ cites Mitch McConnell who told reporters shortly before the vote, which he expected to lose, that “This issue’s not over" adding that "I’m hopeful we’ll put this in the win column for the country sometime soon.”

 
Tyler Durden's picture

Wall Street To Enter Hollow Guilty Plea On FX Rigging, Return To Business As Usual





The Justice Department looks set to extract "unprecedented" guilty pleas from some of Wall Street's largest banks in connection with their role in rigging FX markets. Nevertheless, fears of triggering an "Arthur Andersen effect" will ensure that once again, TBTF institutions will suffer no material consequences.

 
Tyler Durden's picture

7 Days Before Holder's "90 Day Ultimatum" Expires, DOJ Declines To Prosecute Citigroup





CITIGROUP SAYS DOJ DECLINED TO PROSECUTE ON LIBOR RIGGING

 
Tyler Durden's picture

When Obama Talks About His "Massive Fight" With Wall Street, What Exactly Does He Refer To?





When Obama talks of a "massive fight" with Wall Street, is he referring to:

- the tens of billions in handouts handed to each and every bank, unleashing the age of socialized losses and privatized profits?
- the condification of the Too Big To Fail concept?
- presiding over a Department of "Justice" that openly admitted it would not prosecute certain bankers over fears of systemic collapse consequences, thus mathin up TBTF with Too Big To Prosecute?
- the implementation of Barney Frank which was supposed to rein in banks and instead had Citigroup lawyers and lobbysists write the language write the language in the Derivatives Swaps Out provision of the Omnibus bill as a result of $70.3 trillion in total Citigroup derivatives, which the bank knows will one day require another taxpayer bailout?

 
Tyler Durden's picture

Pentagon Staff Given "Stern Warning" After Using Government Credit Cards For Hookers & Gambling





We can now add another to the list of government agencies out of control this month. In the latest example of abuse by the unaccountable feds, we learn that Pentagon employees have been caught using their government credit cards on gambling and escorts, amongst other things. Their punishment? A “stern warning.”

 
Tyler Durden's picture

Fed Agrees To Name The FOMC Leaker (As Long As Congress Keeps It Secret)





Having initially missed its deadline to provide a response to Congress with regard the 2012 leak of FOMC minutes to an external newsletter writer, The Fed reluctantly admitted that none other than Janet Yellen had met with them. Today, however, as The Wall Street Journal reports, The (unaudited) Fed has agreed to furnish a congressional panel with the names of its staffers who had contact with Medley Global Advisors in the months before the leak, “with the understanding that the names will be kept confidential." So we'll happily tell you who leaked it... as long as you don't tell the public. Audit The Fed!!!

 
Tyler Durden's picture

Florida Man Faces 15 Year Sentence For Sex On A Beach (But Still No Bankers In Jail)





This is what “justice” looks like in the Oligarch States of America. If you’re a pleb who gets caught having consensual sex on the beach, you’re immediately convicted and face up to 15 years in the gulag. Meanwhile, if you’re a banking executive responsible for crashing the global economy, you’re rewarded with trillions in taxpayer bailouts and backstops and given free reign to continue your crime spree.

 
Tyler Durden's picture

Fed Admits Yellen "Met With" FOMC Leaker In 2012, DOJ Probe Begins





Just two weeks ago we pointed out the fact that The Fed had seemingly ignored Congressional demands for details with regard the 2012 FOMC Statement leak. Now we know why they missed the deadline:

*YELLEN SAYS SHE MET WITH MEDLEY GLOBAL ANALYST IN JUNE 2012, SAYS SHE DIDN'T GIVE MEDLEY CONFIDENTIAL INFORMATION

So she met with the analyst that leaked the statement... but didn't say anything? The Justice Department has opened a formal investigation into the FOMC leak (and we suspect sworn testimony coming).

 
Syndicate content
Do NOT follow this link or you will be banned from the site!