jpmorgan

Bankster Digest: Shenanigans of the 0.01% (updated)

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"Jail the Banksters" Occupy button

Major Banks Fined $4.3 Billion over Exchange Market Manipulation (Nov. 13) — Six of the world’s largest banks have been fined a collective $4.3 billion for manipulating the foreign exchange market. HSBC, Royal Bank of Scotland, JPMorgan Chase, Citigroup, UBS AG and Bank of America were found to be negligent in traders’ collusion around global …

Read moreBankster Digest: Shenanigans of the 0.01% (updated)

Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud

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Photo of Bill Black superimposed on textured background with stylized text on the right, "The Black Finance and Fraud Report"

THE REAL NEWS BLACK: “The United States government, now with the endorsement of the Justice Department, has said that after investigation it found that essentially every large bank involved in the secondary market sales to Fannie and Freddie committed fraud […] and intentional crime. […] There were three of these epidemics of mortgage fraud that …

Read moreDocuments in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud