Washington Mutual demanda a la FDIC por 17 billones US$ + daños

Te dejo solo otro tiempo para que te sigas autoposteando y haciendo el ridículo. Jajaja

http://mobile.businessweek.com/articles/2013-10-24/jpmorgans-13-billion-settlement-jamie-dimon-is-a-colossus-no-more

http://www.thedailyshow.com/watch/wed-october-23-2013/a-nightmare-on-wall-street

Zasssss para Dimon y sus secuaces.... jajajajajajajajajajajajajajajajaja

http://www.thestreet.com/story/12083577/1/jpmorgan-doesnt-attempt-wamu-indemnification-in-fhfa-settlement.html?puc=yahoo&cm_ven=YAHOO

Friday's settlement, however, doesn't pertain to the FDIC's receivership of WaMu. JPMorgan and the FDIC have butted heads on whether the bank assumed WaMu's legal liabilities when acquiring the firm out of receivership during the depths of the 2008 financial crisis.

"Neither JPMorgan Chase Bank, N.A. nor any other JPMorgan Defendant or Future JPMorgan Party shall seek indemnification, contribution, or recovery of any of the amounts paid pursuant to this Agreement from the FDIC in its corporate capacity," the settlement states

Ahora mismo JPM no lo considera... ya veremos que ocurre en el futuro.

WaMu Receivership
While today’s agreement with the FHFA prohibits JPMorgan from seeking money directly from the FDIC, it doesn’t exclude reimbursement from the WaMu receivership set up by the agency.

http://www.bloomberg.com/news/2013-10-25/tentative-jpmorgan-pact-said-to-hit-snag-over-fdic-funds.html

http://www.huffingtonpost.com/2013/10/24/jpmorgan-legal-costs-too-big_n_4156375.html?utm_hp_ref=business

El coste de hacer negocios...

JPM Could Lose Its Charter for Criminal Responsibility in Madoff PONZI Scheme

http://livinglies.wordpress.com/2013/10/25/jpm-could-lose-its-charter-for-criminal-responsibility-in-madoff-ponzi-scheme/

" Posted on October 25, 2013 by Neil Garfield

From http://www.seekingalpha.com —
JPM’s Madoff entanglement could prompt review of bank charter
The Office of the Comptroller of the Currency (OCC) has reportedly told the office of U.S. Attorney Preet Bharara that a criminal money laundering conviction of JPMorgan (JPM) for turning a blind eye to Bernie Madoff’s Ponzi scheme could trigger a review of the bank’s charter.

Editor’s Note: practically every day we hear of new gross violations of law and intentional misconduct by the large banks who squandered their brand recognition on absurd situations. I have always said that it was impossible for Madoff to have stolen $60 Billion without the knowledge and complicity of the major firms on Wall Street. The revelations of the Madoff theft of money from investors was quickly cast as the largest fraud in history. But it wasn’t. The largest fraud can be counted in the tens of trillions of dollars by all the key players on Wall Street in the PONZI scheme that is falsely called securitization of debt — the proof of which can easily be seen at ground level as investors and borrowers alike are settling claims or winning key verdicts.

The Madoff affair actually provided cover for the Wall Street banks and helped steer the narrative to supposedly reckless and irresponsible behavior when in fact management was deceiving, stealing and profiting from a PONZI scheme that depended upon (a) the sale of mortgage bonds and (b) the sale of mortgage products. Once investors stopped buying bonds and homeowners stopped buying loan products the scheme collapsed and banks had the temerity to say they had lost vast sums of money — a claim that is clearly untrue. They received a bailout for those losses in the form of TARP and other programs from the U.S. treasury, the Federal reserve and other sources, when it was investors, insurers, borrowers, taxpayers, guarantors and other parties who were taking losses having given tens of trillions of dollars to the Wall Street banks in money and property.

Now the chickens are coming home to roost. And the cries of well-known analysts that the banks are being treated unfairly is losing credibility by the hour. The banks are finally losing the narrative and the association of politicians with them is proving more costly than the benefit of taking money from the bank lobbyists to protect the banks from prosecution arising out of behavior that would land any ordinary mortal in jail for a long time.

Lawyers defending foreclosure cases should take note and use this information pointing out what the court already knows: that there was fraud at the top in the selling of worthless mortgage bonds deriving their value from defective mortgages, there was fraud in the robo-signing, LPS fabrication of documents, the intentional destruction of cash equivalent promissory notes that we now know were defective, in the words of the investors, insurers, government guarantee agencies, insurers and rating agencies.

PRACTICE NOTE: It should be noted and stated openly that any pleading, affidavit or testimony from those banks is inherently untrustworthy and should be subject to intense scrutiny. The remedy of forfeiture in Foreclosures is extreme according to the public policy of every state and should be strictly construed against the party seeking that remedy. Every legislature has put that statement in its laws. Instead, the narrative has been that deadbeat borrowers were clogging the system with bogus defenses.

It never occurred to the courts, the lawyers and even the borrowers that the courts were clogged with bogus claims of ownership, bogus accounting for receipts and disbursements, the existence of co-obligors when the note payable was converted to a bogus bond payable, and wrongful Foreclosures that the banks and the regulators know were wrongful, obtained settlements, consent orders and more promises from people whose business model is all about lying, manipulation of markets and theft."

More - edit

Countrywide Found Guilty of Fraud, JPM Criminal Responsibility for Madoff PONZI Scheme

http://livinglies.wordpress.com/2013/10/24/countrywide-found-guilty-of-fraud-jpm-criminal-responsibility-for-madoff-ponzi-scheme/

"U.S. prepares to take action against JPMorgan over Madoff
In what would be an almost unheard of move when it comes to U.S. banks, the FBI and the U.S. attorney’s office are in talks with JPMorgan (JPM) about imposing a deferred prosecution agreement over allegations that the bank turned a blind eye to Bernie Madoff’s Ponzi scheme, the NYT reports.
Authorities would suspend criminal charges against JPMorgan but impose a fine and other concessions, and warn the bank that it will face indictments over any future misconduct.
However, the government has not decided to charge any current or former JPMorgan employees.
The report comes as the bank holds talks with various regulators over a $13B deal to settle claims about its mortgage practices.

DOJ probes nine leading banks over sale of mortgage debt
The Department of Justice is reportedly investigating nine major banks over the sale of problematic mortgage bonds, although the probes are for civil infractions rather than criminal ones.
The banks are Bank of America (BAC), Citigroup (C), Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS), Morgan Stanley (MS), RBS (RBS), UBS (UBS) and Wells Fargo (WFC).
The inquiries span U.S. attorney’s offices from California to Massachusetts, and come as JPMorgan tries to reach a multi-billion dollar settlement over the issue."

More goodies at the site;
http://livinglies.wordpress.com/

FDIC & JP Morgan Have Reached A Settlement Regarding Washington Mutual Mortgage Backed Securities, Tentative News Conference Scheduled For Thursday, October 31st 2013
Ventures Sierra World Equity Review