Despite the long list of violations already committed by JPMorgan Chase
over the past several years, CEO Jamie Dimon added one more to the list.
The executive explicitly violated a federal statute that has the
potential to put him in jail for decades. The law violated can be found
in Section 906 of the Sarbanes-Oxley Act, which aimed to reform
accounting practices and protect investors. RT's Meghan Lopez asks
William K. Black, associate professor of economics and law at the
University of Missouri-Kansas City, why Dimon nor any other fraudulent
have not been charged for their crimes.
Bank game: Sell predatory mortgage; raise rates to unpayable heights, foreclose, buy back for pennies on the dollar or buy back MBS mortgages with Fed Reserve dollars backed by Air. Rinse-Repeat
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