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Why Matt Taibbi Thinks This Woman Is JPMorgan's "Worst Nightmare"

Tyler Durden's picture




 

In reality, there is nothing surprising in Matt Taibbi's latest piece since returning to Rolling Stone from the Intercept, as it tells a story everyone is by now is all too familiar with: a former bank employee (in this case Alayne Fleischmann) who was a worker in a bank's (in this case JPM) mortgage operations group, where she observed and engaged in what she describes as "massive criminal securities fraud" and who was fired after trying to bring the attention of those above her to said "criminal" activity.

The story doesn't end there, and as Carmen Segarra already showed, when she revealed that Goldman runs the NY Fed, once Alayne was let go and tried to "whistleblow" on the house of Jimon from the outside, she found the that US Department of Justice headed by Eric Holder is just as, if not more, corrupt, and in his desperate attempt to prevent discovery and bring JPM et al to justice, he would stretch the statue of limitations on frauds committed during the crisis long enough to where nobody had any legal recourse any more, up to and including the US taxpayer.

That is the 1 minute recap of yet another story in which the good guys lose, the bad guys bet everything on red, are bailed out when black hits, lie, never go to jail and instead use the same bailout funds to keep paying "settlement charges" to bribed government officials and avoid prison time. In short, the bad guys win.

And all with the help of every branch of the US government.

For those who want to read more, Taibbi's "The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare" is a must read, even if, as noted, it says nothing that frequent Zero Hedge readers didn't already know. It does, however, have some great cartoons.

Taibbi's punchline:

... In September, at a speech at NYU, Holder defended the lack of prosecutions of top executives on the grounds that, in the corporate context, sometimes bad things just happen without actual people being responsible. "Responsibility remains so diffuse, and top executives so insulated," Holder said, "that any misconduct could again be considered more a symptom of the institution's culture than a result of the willful actions of any single individual."

 

In other words, people don't commit crimes, corporate culture commits crimes! It's probably fortunate that Holder is quitting before he has time to apply the same logic to Mafia or terrorism cases.

 

Fleischmann, for her part, had begun to find the whole situation almost funny.

 

"I thought, 'I swear, Eric Holder is gas-lighting me,' " she says.

 

Ask her where the crime was, and Fleischmann will point out exactly how her bosses at JPMorgan Chase committed criminal fraud: It's right there in the documents; just hand her a highlighter and some Post-it notes – "We lawyers love flags" – and you will not find a more enthusiastic tour guide through a gazillion-page prospectus than Alayne Fleischmann.

 

She believes the proof is easily there for all the elements of the crime as defined by federal law – the bank made material misrepresentations, it made material omissions, and it did so willfully and with specific intent, consciously ignoring warnings from inside the firm and out.

 

She'd like to see something done about it, emphasizing that there still is time. The statute of limitations for wire fraud, for instance, has not run out, and she strongly believes there's a case there, against the bank's executives. She has no financial interest in any of this, no motive other than wanting the truth out. But more than anything, she wants it to be over.

 

In today's America, someone like Fleischmann – an honest person caught for a little while in the wrong place at the wrong time – has to be willing to live through an epic ordeal just to get to the point of being able to open her mouth and tell a truth or two. And when she finally gets there, she still has to risk everything to take that last step. "The assumption they make is that I won't blow up my life to do it," Fleischmann says. "But they're wrong about that."

 

Good for her, and great for her that it's finally out. But the big-picture ending still stings. She hopes otherwise, but the likely final verdict is a Pyrrhic victory.

 

Because after all this activity, all these court actions, all these penalties (both real and abortive), even after a fair amount of noise in the press, the target companies remain more ascendant than ever. The people who stole all those billions are still in place. And the bank is more untouchable than ever – former Debevoise & Plimpton hotshots Mary Jo White and Andrew Ceresny, who represented Chase for some of this case, have since been named to the two top jobs at the SEC. As for the bank itself, its stock price has gone up since the settlement and flirts weekly with five-year highs. They may lose the odd battle, but the markets clearly believe the banks won the war. Truth is one thing, and if the right people fight hard enough, you might get to hear it from time to time. But justice is different, and still far enough away.

And the real punchline: nobody cares aobut justice as long as everyone is getting richer, if only on paper. It is what this nominal paper "wealth" disappears that things get scary for the Jamie Dimon's of the world, which is why the Fed will do everything to avert each and every market crash from now on until it finally loses control, because once people awake from the siren song of the printer, to realize they have nothing to show for years of labor and faith in a broken system, not to mention "Corzined" retirement funds that were invested in a Ponzi scheme, the only justice applicable, will be that of vigilantes.

 

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Fri, 11/07/2014 - 12:33 | 5423884 hedgeless_horseman
hedgeless_horseman's picture

 

 

And the real punchline: nobody cares aobut justice as long as everyone
is getting richer, if only on paper. It is what this nominal paper
"wealth" disappears that things get scary for the Jamie Dimon's of the
world, which is why the Fed will do everything to avert each and every
market crash from now on until it finally loses control, because once
people awake from the siren song of the printer, to realize they have
nothing to show for years of labor and faith in a broken system the only
justice that will be application will be that of vigilantes.

Fear we are returning to a time in history where it is a common occurrence to fight for one's life?

Fri, 11/07/2014 - 12:35 | 5423889 12ToothAssassin
12ToothAssassin's picture

Taibbi is back from being silenced by Pierre Omidyar's "New Look Media" 25 million dollar wordpress blog! Got caught up in the money with Glenn Greenwald. Welcome back Matt, its about time.

Fri, 11/07/2014 - 12:38 | 5423922 Silky Johnson
Silky Johnson's picture

I hope that broad doesn't own a nail gun.

Fri, 11/07/2014 - 12:45 | 5423950 economics9698
economics9698's picture

When I was a kid I never understood why the barbarians destroyed such a magnificent city such as was Rome.  Looking at Washington today I understand fully.

Fri, 11/07/2014 - 12:49 | 5423972 BaBaBouy
BaBaBouy's picture

Who Said ""EVIL EMPIRE"" ??????????????

Fri, 11/07/2014 - 12:51 | 5423988 NotApplicable
NotApplicable's picture

I've been waiting all morning from this article, after seeing it earlier in the daily front-running post.

Kudos Matt!

Fri, 11/07/2014 - 12:55 | 5424016 chumbawamba
chumbawamba's picture

Yeah, but to what end?  It's like reading a running narrative of your own eventual murder.

Nothing will come of this.  Everyone was colluding.  The banks, the government, the courts, the judges, even the idiots who thought they actually qualified for a half million dollar home on a $40K/year salary.

I am Chumbawamba.

Fri, 11/07/2014 - 13:04 | 5424055 hedgeless_horseman
hedgeless_horseman's picture

 

 

...because once people awake from the siren song of the printer, to realize they have nothing to show for years of labor and faith in a broken system, not to mention "Corzined" retirement funds that were invested in a Ponzi scheme, the only justice applicable, will be that of vigilantes.

 

Fri, 11/07/2014 - 13:06 | 5424067 SuperRay
SuperRay's picture

Eric Holder's new job - Board of directors for JPM, HSBC, BOA, etc....

Fri, 11/07/2014 - 13:14 | 5424092 hedgeless_horseman
hedgeless_horseman's picture

 

 

I do not imagine people will wake up in my lifetime, but that doesn't mean it isn't still fun to get a little range time in with one of these novelty Bad Guy targets. 

Fri, 11/07/2014 - 13:51 | 5424226 Anusocracy
Anusocracy's picture

Regulatory capture is not a flaw of government, it is the modus operandi of government.

As always, the blame for every pee or shit stain left on society by government lies with those who want government.

Government is no longer needed except to satisfy the egos of the control freaks.

Fri, 11/07/2014 - 13:59 | 5424266 Took Red Pill
Took Red Pill's picture

Jamie Dimon is a fucking criminal, along with Eric Holder. They need to be behind bars!

Fri, 11/07/2014 - 17:59 | 5425275 mjcOH1
mjcOH1's picture

"Why Matt Taibbi Thinks This Woman Is JPMorgan's "Worst Nightmare""

A bisexual snapper with Ebola who likes overpaid salesmen with delusions of grandeur?   Tell me more, tell me more!

Fri, 11/07/2014 - 13:57 | 5424253 rocker
rocker's picture

 Matt Taibbi is the Best Financial Journalist in the World.  Nobody is willing to dig harder and step on more toes.

 He goes after stock market companies who lobby Congressman in the Health care industry and whereever he can find fraud.

He sees wrong and says somebody needs to see this bullshit. The man has really exposed dirt all over yet is shuffled under the rug.

I read Rolling Stone just to read his stuff.  Note: He loves Goldman and JPMorgan......LOL   

Fri, 11/07/2014 - 14:16 | 5424343 upWising
upWising's picture

Videostream interview with both of these interesting people available as we read at ::

www.democracynow.org

Fri, 11/07/2014 - 23:03 | 5426308 discopimp
discopimp's picture

Pray he doesn't get Michael Hastings treatment

Fri, 11/07/2014 - 13:45 | 5424205 NEOSERF
NEOSERF's picture

Not to put too fine a point on it but yes, until this starts happening and the elite truly get worried of something, they will continue to pillage at the top of the food chain, unchallenged.

Fri, 11/07/2014 - 13:10 | 5424080 illyia
illyia's picture

Yeah. But it won't hurt anything to yell and scream  a little more than usual. The problem IS that all the discoveries have been made, the results are completely obvious to anyone who looks -  and yet "we just don't have enough to prosecute"... Until we do. After the statutes  xyz expire - or there is a fire in Cheney's attic or some Att. Gen. is retired and they have to start all over. Then everyone can be Shocked!, Just Shocked!! Whocouldanode, again.

The only thing you have to make yourself heard, Chumbawamba, is your thumbs.

Go ahead. You have at least two.

Use them.

:o|

Fri, 11/07/2014 - 13:13 | 5424087 illyia
illyia's picture

Yeah. But it won't hurt anything to yell and scream a little more than usual. The problem IS that all the discoveries have been made, the results are obvious and yet "we just don't have enough to prosecute" until we do. After the statutes of xyz expire - or there is a fire in Cheney's attic or someone is retired and they have to start all over. Then everyone can be Shocked!, Just Shocked!!

The only thing you have Chumbawamba is your thumbs.

Go ahead. You have at least two.

Use them.

:o|

Fri, 11/07/2014 - 13:42 | 5424194 Thisson
Thisson's picture

If you actually read the story, perhaps you would notice that the only party *NOT* complicit in the scheme was the judiciary.

Judge Rakoff objected to the other settlements which caused Chase to attempt to circumvent the courts.

Fri, 11/07/2014 - 15:18 | 5424635 sainchaw
sainchaw's picture

true, if everyone is in on the crime then who will be expected to point the finger of justice. 

Fri, 11/07/2014 - 13:51 | 5424228 Jack Burton
Jack Burton's picture

Great insight "9698"!  Rome was every bit as corrupt as modern Washington. Barbarians were what Rome called the peoples Rome was busy exploiting and attacking for profit. Barbarians were taken captive for use as slaves in all parts of Romes empire. They were explioted in their homelands by Rome's armies. They simply went to Rome as an act of Freedom Fighting against an great, but evil driven empire. Who would argue the Washington Empire is not every but as evil as Rome was?

There is no American Empire! It is a Washington DC empire. We need to see that many of us people in the USA are everybit as exploited as foreign peoples by Washington DC the great Whore House on the Patomic.

Fri, 11/07/2014 - 13:01 | 5423955 Stackers
Stackers's picture

Old news. I'm sure Chase is quaking in their boots from Taibbi's article

Holder confirmed "Too Big To Jail" in congressional testimony a long time ago

https://www.youtube.com/watch?v=Z3zwhp5-jXA

Fri, 11/07/2014 - 12:46 | 5423964 pelican
pelican's picture

Why kill her when the Justice Department will not follow up with it.

Fri, 11/07/2014 - 12:54 | 5424017 Silky Johnson
Silky Johnson's picture

For the same reason all psychos do what they do.......for kicks!

Fri, 11/07/2014 - 14:02 | 5424283 Bilderberg Member
Bilderberg Member's picture

You people need to settle down! The Justice Dept. is working extensively on A-Rod's performance enhancement drug allegations.

Fri, 11/07/2014 - 14:35 | 5424415 pelican
pelican's picture

Holder just announced he takes this seriously and will pursue fining JP .01 for every dollar made in fraudulant activity.

 

 

 

Fri, 11/07/2014 - 12:49 | 5423971 Ignatius
Ignatius's picture

"... In September, at a speech at NYU, Holder defended the lack of prosecutions of top executives on the grounds that, in the corporate context, sometimes bad things just happen without actual people being responsible. "Responsibility remains so diffuse, and top executives so insulated," Holder said, "that any misconduct could again be considered more a symptom of the institution's culture than a result of the willful actions of any single individual."

 In other words, people don't commit crimes, corporate culture commits crimes! It's probably fortunate that Holder is quitting before he has time to apply the same logic to Mafia or terrorism cases."

They pay really well for this level of bullshit.

Holder, please step in front of a bus.

Fri, 11/07/2014 - 12:57 | 5424028 chumbawamba
chumbawamba's picture

Corporations are PERSONS.  We went through this whole exercise with the stupid People United v. FEC nonsense.  When a PERSON commits a crime you prosecute the PERSON.  It doesn't matter that the juristic PERSON is made up of people that may have only committed one innocent act in the overall body of the crime.  The juristic PERSON--the corporation--committed a crime, and that is who you prosecute.

This all goes to prove on simple fact: Eric Holder is a nigger.

I am Chumbawamba.

Fri, 11/07/2014 - 13:03 | 5424053 Buckaroo Banzai
Buckaroo Banzai's picture

"Heads I win, tails you lose!"

Fri, 11/07/2014 - 13:05 | 5424065 Ignatius
Ignatius's picture

Since you insist on using the offensive "nigger" as a descriptive, then carry it all the way, that being, "house nigger".

Fri, 11/07/2014 - 14:53 | 5424520 cluelessminion
cluelessminion's picture

Chumbawamba  I need to know.  What do you mean by "nigger"?

What is a "nigger"?

 

I'd really like to know if you'll elaborate.

Fri, 11/07/2014 - 13:06 | 5424068 Never One Roach
Never One Roach's picture

Rampant fraud and corruption at every level has trickled down to the average 'Joe' who feels, "Why shouldn't I do it also?"

 

For example, our manager finally caught the person who was pilfering many minor office supplies form our place...ya, know, things like staplers, etc ... He happen to see one of our fairly unique engraved items on Ebay and tracked it back to guess who? ... our 67 y.o. janitor!

When confronted, the janitor pleaded his defnse, 'Everybody's doing it!"

It's a perfect example of what Holder, Barry, Bush, Wall Street, the courts, and so on have created.

Fri, 11/07/2014 - 14:05 | 5424299 auntiesocial
auntiesocial's picture

My other car has Michael Hastings head in it...

Fri, 11/07/2014 - 12:42 | 5423935 Spastica Rex
Spastica Rex's picture

Welcome back to corporate media, Matt!

Hey - did you know Zero Hedge is a Drupal blog?

Numbskull.

Fri, 11/07/2014 - 12:48 | 5423968 NotApplicable
NotApplicable's picture

That would explain all of the "Maintenance Mode" pages. Drupal will chew up db resources if not properly configured to go easy on them.

Fri, 11/07/2014 - 12:51 | 5423987 Spastica Rex
Spastica Rex's picture

I just wish the ZH "tech team" would fix their character encoding.

??????????????????????????????????????????

??????????????????????????????????????????

Fri, 11/07/2014 - 12:55 | 5424015 NotApplicable
NotApplicable's picture

Dunno, I'm getting to the point where I detest upgrades, as they're mostly nothing but "New & Improved" social media gadgets that annoy the shit out of me.

I've had to uninstall nearly everything on my android tablet as it's too busy doing it's own thing to respond to my input.

Fri, 11/07/2014 - 13:34 | 5424160 Jumbotron
Jumbotron's picture

On a long enough timeline.......you go to maintenance mode.

Fri, 11/07/2014 - 13:50 | 5424206 Bangalore Equit...
Bangalore Equity Trader's picture

Listen Rex.

ZH Tech Team is sucks. Outsource "NOW"!

Fri, 11/07/2014 - 12:50 | 5423982 NoVa
NoVa's picture

The full article is a fantastic read.  

It has been years since I read that rag, but it was well written, very pointed and fully truthful about our corrupt Ministry of Love (DOJ) and Ministry of Truth (Oblamo).

 

NoVa

Fri, 11/07/2014 - 13:12 | 5424088 Tinky
Tinky's picture

That "rag", thanks largely to Taibbi, is one of the very few sources of pungent, investigative journalism remaining in the U.S.

Fri, 11/07/2014 - 14:19 | 5424356 upWising
upWising's picture

Videostream interview with both of these interesting people available as we read at ::

www.democracynow.org

Fri, 11/07/2014 - 12:53 | 5424000 Ignatius
Ignatius's picture

Spas, atleast give Matt some credit for realizing what a black hole of journalism The Intercept is, and getting out.

Fri, 11/07/2014 - 12:55 | 5424022 NotApplicable
NotApplicable's picture

I was pleasantly surprised to see him back at RS, as I hadn't seen anything from him since he left.

Fri, 11/07/2014 - 14:02 | 5424278 Spastica Rex
Spastica Rex's picture

Well, I think he should go wherever he wants to go, and The Intercept is hardly sacrosanct, although calling it a "black hole" is self defeating to anyone who values independent media. I was speaking specifically to the stupid comment I replied to, not to any problems I have with Taibbi, 'cuz I really don't have any.

Fri, 11/07/2014 - 13:20 | 5424113 Cathartes Aura
Cathartes Aura's picture

lol,

Welcome back to corporate media, Matt!

for those who like to watch the action behind the scenes, here's the Great GreenWald's collective response to Matt's leaving. . .

(lifted from the comment thread over here, for those who like their "news" dripping in sarcastic truths)

Fri, 11/07/2014 - 14:10 | 5424311 Spastica Rex
Spastica Rex's picture

I was poking a stick at 12ToothAssassin and its stupid, stupid comment.

Mr. Taibbi should write for what he sees as the best news outlet. Had he stayed, The Intercept might have grown in influence, and as Greenwald says, his leaving is a huge loss.

I don't really care, except I do care to support non-corporate media.

Fri, 11/07/2014 - 20:49 | 5425873 Cathartes Aura
Cathartes Aura's picture

ah well, still made me laugh.

as for the aptly named "Intercept" - funded by an oligarch that also spreads his billions in such places as USAID, and "employs" the annoying gate-keeper creep GreenWald - I'm okay with cheering for its continued stasis.

Fri, 11/07/2014 - 13:12 | 5424090 Payne
Payne's picture

why don't we see a Russia connection fund the entire legal effort to bring down the House of Morgan ?

Fri, 11/07/2014 - 12:34 | 5423898 power steering
power steering's picture

As long as Jamie's bonus is safe, it's all cool! So says Becky Quick.

Fri, 11/07/2014 - 12:35 | 5423899 power steering
power steering's picture

As long as Jamie's bonus is safe, it's all cool! So says Becky Quick.

Fri, 11/07/2014 - 12:35 | 5423907 centerline
centerline's picture

Body armor arriving today.  Sad thing that I even made such a purchase.  Just that I could no longer marginalize the probability of all hell breaking loose - if even for a short period of time.

Fri, 11/07/2014 - 12:55 | 5423921 hedgeless_horseman
hedgeless_horseman's picture

 

 

I could no longer marginalize the probability of all hell breaking loose - if even for a short period of time.

Understood. 

Don't forget to "short the stocks" on your long guns to accommodate the vest.

If you get real paranoid, go ahead and get a kevlar helmet.  They are only $90.  I imagine the poor souls in Ukraine wish they had better gear, although the USA and Russia are working on upgrading both sides' kit.

Fri, 11/07/2014 - 13:58 | 5424255 Chupacabra-322
Chupacabra-322's picture

Done & done.

Fri, 11/07/2014 - 12:41 | 5423929 Buckaroo Banzai
Buckaroo Banzai's picture

Smart move. Everyone is worried about the gun grabbers, but quietly, some jurisdictions are starting to outlaw body armor. I believe it's illegal to own now in PA, for instance.

Get it while you can.

Fri, 11/07/2014 - 14:04 | 5424291 auntiesocial
auntiesocial's picture

you can explain this and the LIBOR SCAM to the common man and they are so fucking dense that they won't understand it anyway. IGNORANCE. The elites beez countin' on youz hazn it.

How do these cocksuckers sleep at night?

because it is too much trouble to comprehend the shellacking John Q Public is taking or do anything about it.

Better to stay in the field and chew our cud. BAA!

 

 

Sun, 11/09/2014 - 13:00 | 5429568 Idaho potato head
Idaho potato head's picture

How do these cocksuckers sleep at night?
The best booze money can buy, and hookers and blow etc.

Fri, 11/07/2014 - 12:34 | 5423887 joego1
joego1's picture

Good for her, now watch the MSM and honey boo boo followers let them get away with it some moar.

Fri, 11/07/2014 - 12:34 | 5423900 The Chief
The Chief's picture

Treason doth not prosper. For if it prosper, none dare call it treason.

Fri, 11/07/2014 - 12:35 | 5423903 Arius
Arius's picture

"The assumption they make is that I won't blow up my life to do it," Fleischmann says. "But they're wrong about that."

 

Is she suicided mentality? 

 

What is this? more than 6 years after 2008?  am i missing smt?

Fri, 11/07/2014 - 12:44 | 5423943 Buckaroo Banzai
Buckaroo Banzai's picture

Yeah, it would have been nice if she'd come forward before the statute of limitations was starting to roll off on these crimes. If I was really cynical, I'd say this was all just a stunt calculated to develop outrage fatigue.

Fri, 11/07/2014 - 13:15 | 5424099 Payne
Payne's picture

We have generations of people raised on the Mythology of our Founders, Mother and Fathers.  Do you think no one paid attention in school, everyone worships every increasing taxes and inflationary dollars ?

Fri, 11/07/2014 - 13:23 | 5424126 Cathartes Aura
Cathartes Aura's picture

Founding "Mothers"?  do tell.

Fri, 11/07/2014 - 18:38 | 5425395 tvdog
tvdog's picture

The government has been stringing her along, pretending they were going to investigate and prosecute someone. She has a nondisclosure agreement with JPMorgan Chase that she may be violating.

Fri, 11/07/2014 - 12:37 | 5423904 NoDebt
NoDebt's picture

My phone finally rang.  My nail gun's got it's first paying job in months.  They didn't even argue about the price.  They jsut kept screaming something about "blah, blah, blah.... with extreme prejudice.... blah, blah, blah."  And some other words I won't repeat here, but suffice it to say they were PISSED.

Welp, looks like I'm off to New York.  Wish me luck.

Fri, 11/07/2014 - 12:46 | 5423952 Buckaroo Banzai
Buckaroo Banzai's picture

So what Obama is saying about the economy is true!

Fri, 11/07/2014 - 12:57 | 5424032 Plato's Law
Plato's Law's picture

Thanks, Bucky!  First good laugh of the day is the best!

 

Fri, 11/07/2014 - 12:37 | 5423910 Bell's 2 hearted
Bell's 2 hearted's picture

"she observed and engaged in what she describes as "massive criminal securities fraud"

 

so what? ... This is Amerika

 

no indictments

no prosecutions

just haggling over pocket change fine

 

and the lead prosecutor will have corner office at JPM in 5 years.

 

anyone remember that the SEC investigator for Madoff ... ended up marrying his niece?  Hardly an eyebrow raised.

Fri, 11/07/2014 - 12:37 | 5423912 williambanzai7
williambanzai7's picture

It's called racket, not culture and Holder is part and parcel to it.

Fri, 11/07/2014 - 12:43 | 5423946 maskone909
maskone909's picture

 

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Fri, 11/07/2014 - 12:45 | 5423956 NoDebt
NoDebt's picture

Two frogs on a bench.

Fri, 11/07/2014 - 12:47 | 5423966 maskone909
maskone909's picture

damn cant edit it smaller... sorry guys

Fri, 11/07/2014 - 12:48 | 5423979 NotApplicable
NotApplicable's picture

That's why you always test this stuff out on inactive threads. ;)

Fri, 11/07/2014 - 12:53 | 5424004 maskone909
maskone909's picture

yea good point.  i just wanted to share with everyone the uncanny sloth resemblance...  cheers

Fri, 11/07/2014 - 13:56 | 5424230 ILLILLILLI
ILLILLILLI's picture

OMG...that's my password!

How'd you know...??!

Fri, 11/07/2014 - 14:01 | 5424272 rocker
rocker's picture

Try Edit and delete or a note to ZH throught the site. If you really care to fix it.

Fri, 11/07/2014 - 12:54 | 5424008 SilverIsKing
SilverIsKing's picture

Shit, I forgot my special Kellogg's decoder glasses at home.

Fri, 11/07/2014 - 12:59 | 5424041 madcows
madcows's picture

hold on, i'll get my little orphan annie decoder ring. It says" drink your ovaltine!"  A fucking crumby commercial?!

Fri, 11/07/2014 - 13:52 | 5424139 GoinFawr
GoinFawr's picture

It's one of those '90's Magic Eye 3d laser prints of a dolphin; you have to look at it out of the corner of your eye to see it. And, like glaringly obvious high level fraud, it is imperceptible to those in the justice system with one eye closed <winks>

Fri, 11/07/2014 - 12:51 | 5423996 Comte d'herblay
Comte d&#039;herblay's picture

...but you can edit it down to Zero.

Yer fucking up the page.

 

Delete it.

Fri, 11/07/2014 - 12:55 | 5424013 maskone909
maskone909's picture

tyler has too i dont have the edit option anymore or i would have

Fri, 11/07/2014 - 13:03 | 5424060 NotApplicable
NotApplicable's picture

Can't edit after a reply has been posted.

Pay attention, please.

Fri, 11/07/2014 - 13:20 | 5424110 SilverIsKing
SilverIsKing's picture

No, but he can apologize.

Fri, 11/07/2014 - 13:43 | 5424199 Jumbotron
Jumbotron's picture

Read up the page asshole....he already did.

Drop it.

Fri, 11/07/2014 - 13:51 | 5424227 SilverIsKing
SilverIsKing's picture

I was kidding but you can go fuck yourself anyway you douche.

Fri, 11/07/2014 - 12:52 | 5424001 Grinder74
Grinder74's picture

Your vagina?

Fri, 11/07/2014 - 17:32 | 5425181 1Inthebeginning
1Inthebeginning's picture

looks cool.  What is it.

Fri, 11/07/2014 - 12:37 | 5423913 Ned Zeppelin
Ned Zeppelin's picture

You see - you do get something for those campaign and PAC contributions. 

Immunity from prosecution. 

At least somebody got what they thought they were buying. 

Fri, 11/07/2014 - 12:37 | 5423916 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

Alayne Fleischmann

 

whatever you do ... don't accept any invitation to meet at the observation deck of empire state building ...

Fri, 11/07/2014 - 12:46 | 5423962 semperfi
semperfi's picture

or drive your car

or travel in a plane

Fri, 11/07/2014 - 13:00 | 5424047 e_goldstein
e_goldstein's picture

or enjoy a hot tub

Fri, 11/07/2014 - 13:57 | 5424260 crazybob369
crazybob369's picture

And stay away from nail guns.

Fri, 11/07/2014 - 12:38 | 5423923 maskone909
maskone909's picture

letting our savings institutions gamble on commodities.  who could of known, right?  glass steagal was totally inhibiting growth.  QE saved the world...  tanks in the streets i tell you.  central banks create financial STABILITEE. 

Fri, 11/07/2014 - 12:39 | 5423924 anachronism
anachronism's picture

And not a word about this on Bloomberg or CNBC!

Fri, 11/07/2014 - 12:47 | 5423959 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

A code of silence, apparently.

Mon, 11/10/2014 - 09:43 | 5431887 tunetopper
tunetopper's picture

Bloomberg TV covered it  this AM

Fri, 11/07/2014 - 12:41 | 5423930 Ariadne
Ariadne's picture

Does Fleischmann have a tip jar somewhere?

Fri, 11/07/2014 - 12:42 | 5423932 cherry picker
cherry picker's picture

Government and Corporations love whistleblowers when they tell on the people, but hate it when their own activities are uncovered.

How many civilians are in jail for non violent offenses such as possession of drugs, not mowing a lawn or feeding the homeless?  Yet the pharmacutical cartel, the big banks, attorney generals and presidents get away with murder.

And there isn't one law enforcement agency of the hundreds out there carrying enough firepower to mow down a country with the balls to grab anyone from the President on down for crimes they commited, oaths broken and the Constitution shredded.

I hope there is a hell, just so I know there is some justice out there...

Fri, 11/07/2014 - 13:27 | 5424137 Cathartes Aura
Cathartes Aura's picture

.

How many civilians are in jail for non violent offenses such as possession of drugs, not mowing a lawn or feeding the homeless?  Yet the pharmacutical cartel, the big banks, attorney generals and presidents get away with murder.

that's one of the main features of top down hierarchies, working as intended.

as to your "hope in hell" - welcome!  this is it, no one gets out alive.

Sat, 11/08/2014 - 13:57 | 5427367 GoinFawr
GoinFawr's picture

Nice!

Fri, 11/07/2014 - 12:44 | 5423941 Ariadne
Ariadne's picture
  1. Gaslighting or gas-lighting is a form of mental abuse in which false information is presented with the intent of making victims doubt their own memory, perception, and sanity.
Fri, 11/07/2014 - 12:56 | 5424030 madcows
madcows's picture

yeah, i had to look that up.  gas lighting was what the knuckle heads in highschool did with their farts, until it singed their ass hair.

Fri, 11/07/2014 - 13:59 | 5424264 Ariadne
Ariadne's picture

They teach a different version in lie school. 

Fri, 11/07/2014 - 14:02 | 5424281 Chupacabra-322
Chupacabra-322's picture

Yes, at the pure evil offices at the CIA

Fri, 11/07/2014 - 14:13 | 5424320 eddymunster
eddymunster's picture

Blue Darts is what they called it in my day.

Fri, 11/07/2014 - 12:43 | 5423942 Dr. Engali
Dr. Engali's picture

I'm surpride that this lady hasn't jumped from a tall buiding while shooting herself several times  in the back of the head with a nailgun.

Fri, 11/07/2014 - 12:55 | 5424014 NoDebt
NoDebt's picture

Working on it.  Just got the call this morning.

Fri, 11/07/2014 - 13:37 | 5424177 Plato's Law
Plato&#039;s Law's picture

I'm so dunce.  Just finally got your avatar. 

Fri, 11/07/2014 - 13:45 | 5424208 Jumbotron
Jumbotron's picture

<chuckles> to both of you.  ;)

Fri, 11/07/2014 - 14:36 | 5424431 fishwharf
fishwharf's picture

Mine is a 15 guage Hitachi semi-automatic.  Call if you need backup.

https://www.youtube.com/watch?v=PjpBhZHUD_0

Fri, 11/07/2014 - 12:44 | 5423944 semperfi
semperfi's picture

I'm surprised Taibbi, Fleischmann, and Segarra havent been "suidcided" yet.

Fri, 11/07/2014 - 13:33 | 5423951 Vooter
Vooter's picture

That barrel is just teeming with fish, now, isn't it?

Fri, 11/07/2014 - 12:46 | 5423954 Ariadne
Fri, 11/07/2014 - 12:46 | 5423961 False Capital
False Capital's picture

Give them enough rope and they will hang themselves. Still wondering when that rope is gonna stop paying out though. Should have stopped in 2008.

Fri, 11/07/2014 - 12:49 | 5423970 Notsobadwlad
Notsobadwlad's picture

"... In September, at a speech at NYU, Holder defended the lack of prosecutions of top executives on the grounds that, in the corporate context, sometimes bad things just happen without actual people being responsible. "Responsibility remains so diffuse, and top executives so insulated," Holder said, "that any misconduct could again be considered more a symptom of the institution's culture than a result of the willful actions of any single individual."

I guess Holder had never heard of RICO and Sarbanes-Oxley which together strip away CEO protection. Pretty Damn sucky attorney general. But we cannot blame it on him being black. Janet Reno was just as bad and Ed Meese was probably worse. It is corruption at the highest level... what Pope Francis calls "Worse than sin".

Fri, 11/07/2014 - 12:54 | 5424005 insanelysane
insanelysane's picture

He was simply projecting how his operation and the administration's work.

Fri, 11/07/2014 - 13:40 | 5424191 slyhill
slyhill's picture

Wierd, right? But don't throw them Grouper back, or you'll get 20 years!

Fri, 11/07/2014 - 12:51 | 5423994 I Write Code
I Write Code's picture

I hope she has a lot of videos cuz nobody cares what she says.

Fri, 11/07/2014 - 12:51 | 5423995 tradewithdave
tradewithdave's picture

Himpton Doctrine

Fri, 11/07/2014 - 12:53 | 5423997 bh2
bh2's picture

Virtually every American institution with responsibility for the public trust is profoundly corrupt.

Fri, 11/07/2014 - 12:59 | 5424046 NotApplicable
NotApplicable's picture

Hey, if you had an infinite checkbook, what couldn't you corrupt?

Sat, 11/08/2014 - 00:44 | 5426558 Otto Zitte
Otto Zitte's picture

1. Anyoone happy with their life

2. Some lunatics 

Fri, 11/07/2014 - 12:54 | 5424003 Rainman
Rainman's picture

Two months ago, a former JPM managing director was appointed by the US Treasury to 'oversee' the finances of beleaguered public pension funds.

A fox in the municipal chicken coop.

http://www.reuters.com/article/2014/08/04/usa-municipals-treasury-idUSL2N0QA13020140804

 

Fri, 11/07/2014 - 12:56 | 5424006 Pee Wee
Pee Wee's picture

The perception that the rule of law or justice have anything whatsoever to do with the modern USA is totally laughable.

It will be painfully obvious when history reflects on these times how deep and pervasive the mafia-rot is entrenched -- including those who couldn't quite find it in their conscience to ditch the paycheck.   This chick didn't, and she is just as rotten.  Nice try at revisionist heroism.

The Federal government is a systemic joke, a handmaiden to crime.

Fri, 11/07/2014 - 13:02 | 5424054 NotApplicable
NotApplicable's picture

Did you even read the article? She tried to trap them in writing and they fired her for it.

Fri, 11/07/2014 - 13:19 | 5424085 Pee Wee
Pee Wee's picture

You're so right, she's trapped herself between a paycheck and fellatio by keeping her silence.

Those slurping sounds you hear are the sounds of justice doing absolutely nothing.

Fri, 11/07/2014 - 12:53 | 5424012 Dinero D. Profit
Dinero D. Profit's picture

For every lawyer the SEC can put on the case, the bankers can hire twenty.

Fri, 11/07/2014 - 13:14 | 5424096 Vooter
Vooter's picture

The SEC and the bankers are partners in crime, not adversaries. Are you slow or something?

Fri, 11/07/2014 - 12:54 | 5424020 aleph0
aleph0's picture

In other words, people don't commit crimes, corporate culture commits crimes! It's probably fortunate that Holder is quitting before he has time to apply the same logic to Mafia or terrorism cases.

 

 The Mafia would want physical Gold Bars in payment in advance  ... BEFORE they take on such a Contract.

;-)

Fri, 11/07/2014 - 12:59 | 5424045 Bemused Observer
Bemused Observer's picture

I don't care what these bastards do anymore. I'm just marking time before the Ponzi collapses. I get a small satisfaction in knowing that when it finally does come crashing down, it will bring much of that 1% right down with it.
"Oh, but what about all those little people's pensions and 401k's?"...
What about them? Let's be honest here, for a change, and admit that those pensions won't be there to collect, nor will those 401k's. They will either be rendered valueless through artificial inflation, or seized during the next bail-in. So those folks won't really be 'losing' anything, just some illusions.

It's a LIE. None of that money will be there for YOU. But they NEED you to be afraid so you won't let THEIR wealth dissipate. Stop believing, and watch them cry.

Fri, 11/07/2014 - 14:19 | 5424358 Thisson
Thisson's picture

Great comment.  +1 !

Fri, 11/07/2014 - 21:33 | 5424675 TeethVillage88s
TeethVillage88s's picture

Chase was allowed to treat some $7 billion of the settlement as a tax write-off.

Read more: http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106...

Fri, 11/07/2014 - 13:02 | 5424050 yellowsub
yellowsub's picture

"sometimes bad things just happen without actual people being responsible."

Paid off much?

Fri, 11/07/2014 - 13:05 | 5424070 aquarian1
aquarian1's picture

It would be nice to be a class-action lawsuit by taxpayers against the FED and the banks for the mortgage bail-out and mortgage fraud.

Fri, 11/07/2014 - 13:10 | 5424079 shovelhead
shovelhead's picture

Holder was busy with a plague of epic proportions.

Too many black thugs were getting suspended from schools.

If a black kid got suspended for beating his teacher, a white kid would have to be suspended for passing a note in class.

Gotta be fair.

Fri, 11/07/2014 - 13:11 | 5424081 imaginalis
imaginalis's picture

I hope Alayn had her meetings wired like Carmen.

Fri, 11/07/2014 - 13:11 | 5424082 YHC-FTSE
YHC-FTSE's picture

Looks like the gals have more balls than the lads these days. Catherine McDougall is another brave lass who is one of the key witnesses against Goldman Sachs in the Libyan Sovereign Wealth fund case. Not that I expect anything out of it, but it just seems odd that of all the blatant fraud cases floating around about JPM and GS, not a lot of (living) men have the balls to blow the whistle on the whole rotten edifice.

I guess the nailgun cleaners they hired have a policy of, 'No women, no kids'.

http://news.firedoglake.com/2014/10/07/sec-official-supports-libyas-clai...

Fri, 11/07/2014 - 13:36 | 5424174 Cathartes Aura
Cathartes Aura's picture

well, the "old boys network" was bound to be outed eventually.

despite an heroic effort to point fingers at virtually everyone else for decades now.

let's hope others keep pulling back the curtains. . .

 

Fri, 11/07/2014 - 13:16 | 5424100 Pasadena Phil
Pasadena Phil's picture

The "statue" of limitations? Is that the famous statue of the ancient Greek god of infertility Dyklos?

Fri, 11/07/2014 - 13:18 | 5424102 foxenburg
foxenburg's picture
  • plus ça change, plus c'est la même chose
  • with apologies to Serpico 1973

  • 00:50:31 I saw Attorney General Holder himself........

  • 00:50:33 and he assures me the Department of Justice is as clean as a hound's tooth.

  • 00:50:37 His words, Carmen. "Clean as a hound's tooth."


Fri, 11/07/2014 - 13:29 | 5424106 Plato's Law
Plato&#039;s Law's picture

Holder kills me with this stuff: "...In September, at a speech at NYU, Holder defended the lack of prosecutions of top executives on the grounds that, in the corporate context, sometimes bad things just happen without actual people being responsible. "Responsibility remains so diffuse, and top executives so insulated," Holder said, "that any misconduct could again be considered more a symptom of the institution's culture than a result of the willful actions of any single individual."

In other words, people don't commit crimes, corporate culture commits crimes! It's probably fortunate that Holder is quitting before he has time to apply the same logic to Mafia or terrorism cases..."

The "Justice Department" (the best comedy on earth, purchased by taxpayers) used the exact same philosophy but in reverse, to wit: Remember 30-40 years ago, at the height of the affimative action craze (AKA Dems keeping blacks on the plantation)?  At that time, even if/when no actual acts of "discrimination" were found, the Justice Department stated the mere existence of a "culture" or "philosophy" or "atmosphere" of discrimination was enough to mandate "quotas" which after several decades the courts deemed illegal so they simply changed the word to "goals" with the exact same effect.  Discrimination in the air!  Let's buy some black votes to keep them on the plantation!

One day "culture" mandates writing new unconstitutional laws imprisoning uncooperative innocent employers...40 years later "culture" mandates obviously guilty felons not only walk free but get raises and accept "criminal enforcement" positions in government to insure all future similar felons get the same treatment!

You can't buy comedy like this! 

Some ultra fucked up members here glorify warmongering, killing ISIS, and make fun of how stupid are these ISIS Muslim guys.  There is no stupider people on earth than American taxpayers, including me.  I used to be a right wing Bill O'Reilly fan. 

 

Fri, 11/07/2014 - 13:21 | 5424120 nowhereman
Fri, 11/07/2014 - 13:23 | 5424121 q99x2
q99x2's picture

Washington D.C.: You want Jamie Dimon and Loyd Blankfein. Here have some ebola instead bitchez..

Fri, 11/07/2014 - 13:24 | 5424127 alexcojones
alexcojones's picture

"Everybody knows the war is over...

"Everybody knows the good guys lost."

-Leonard Cohen - Honorary ZHer

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