STEVE PIECZENIK TALKS

Federal Investigators are trying to put Jaime Dimon, Chief of the Crooked Bank,  JP Morgan Chase in Jail and at the Same Time They Will Try to break up the Bank!!

It’s about time that Wall Street starts paying the price for what they have done to those of us living on Main Street!!

Let’s talk about how federal investigators, Senators, and the American People have pushed this administration to place Jaime Dimon and JP Morgan in Jail.  This is really a testimony to the federal agencies and legislators who labored for months over thousands of pages to bring justice to Wall Street.

  Now let’s start off by enumerating who is doing what to whom.

[1] Federal Prosecutors of the DOJ [thanks! you guys have brains and courage] are examining whether JPM failed to fully alert authorities to clear suspicions of ‘money laundering and ponzi schemes’ carried through and with Bernie Madoff and JPM / Jaime. 

[2] Federal Prosecutors; FBI [thanks Mueller]; Federal Deposit Insurance Corporation [FDIC—thanks again!], the Commodity Futures Trading Commission [Very important]; and the Security Exchange Commission [ SEC—Markedly improving];  Vance and NYC Fed Prosecutors are examining how much evidence that they can muster to effectively indict,  convict and jail Jaime, his immediate staff, JPM Board members and others at JPM, including the Illegal traders, and those who ‘resigned’ for CRIMINAL ACTIVITIES. 

[3] The aforementioned Federal agencies are working in concert [which is very impressive] in order to make Jaime and his consort banksters and board members directly culpable for lying to investors and regulators about the risky wagers that were ‘illegally’ made by the The Whale --- a one hundred BILLION DOLLAR TRADE WHERE SIX BILLION$ or MORE of TARP MONEY WAS LOST!!

[4] Thanks to Senator Carl Levin (D-Michigan) and his staff who poured over 90,000 pages of testimony and questioned the arrogant Jaime who considered the Fed's Investigation into his illegal banking activities a ‘tempest in a teapot’. 

I would also like to thank Sen John McCain [R-Arizona] whom I have criticized for his differing positions on the Iraq War, but when it comes to banking he had correctly warned Jaime and Eric Holder: "That no bank is too big to be prosecuted". 

[5] A total of eight federal agencies are working on behalf of the American Public to finally  PUT IN PRISON all those CRIMINALS WHO ILLEGALLY FORECLOSED ON VICTIMIZED MORTGAGE HOLDERS and VETERANS WHO HAD BEEN THROWN OUT OF THEIR HOUSES FOR THESE ILLEGAL FORECLOSURES. 

In particular,  I happen to know that all of the JPM Lawyers in 2008 and later,  literally lied in courts all over the country about the mortgage notes and deeds which they did not own but claimed they owned because of the default of Washington Mutual Mortgage  and other companies which were sold to JPM for a pittance.   Also the American citizens gave unnecessary TARP money to Jaime and his ‘crooked cronies’ for ‘bank reserves’ .   Those reserves were used to give himself and others large undeserved bonuses. 

[6] Both state and federal courts are still examining the illegal robosigning instituted by JPM and Jaime to bypass the fact that they did not have the original copies of the deeds and mortgages of the houses, condos, and buildings on which they were foreclosing. 

[7] In 2011, Senator Levin and the FBI warned Jaime that he was for the eighth time in violation of banking law and engaged in ‘illegal financial activity’ when he personally refused to provide the aforementioned hard working Federal Regulators with the necessary and mandatory profit and loss statement reports required for Investment Banking. 

Sidebar:  When I was brought in as a Managing Director of Kidder Peabody to take it down for ‘illegal trading activities’,  I brought in the past Director of the SEC,  Gary Lynch who automatically arrested the ‘perpetrators’ of the  illegal non-existent ‘securitized mortgage’  and ‘non-existent trade’.  It took less time and effort.  The ‘culprits’ went to prison but the key man, Michael Carpenter, a boorish Brit of little wit,  substance, or manners,  was subsequently recruited by his ‘cronies’ at Citibank, Weill and Rubin.  He screwed up there, and went up the ladder a la Peter Principle to head up--- GMAC which as expected he destroyed ---until he was bailed out by the American taxpayer. 

[8] Jaime is not only incompetent, ‘criminal’ and arrogant but he had the audacity to insult FEDERAL REGULATORS,  who have been working on behalf of the American People to salvage their money, mortgages and homes----- HE CALLED THEM, “STUPID”!!!

I hope this shows that all is not lost in this wonderful republic we call America.  The system can work.   But it works when people like you and me and equally important, the mainstream and alternative media report on the illegal activities of Wall Street.

  In particular,  I personally want to thank that NY Times, and it’s Executive Editor Jill Abramson for her relentless coverage of this JPMorgan Scandal.   I would also like to thank all the young, enthusiastic reporters in the Huffington Post who provided me and others with instantaneous information about what was happening.  Also the Wall Street journal and particularly Rupert Murdoch who behind the scenes understood the banking travesty that was occurring in America.  Got to love the NY Post which in their inevitable sarcastic double- entendre way crucified Jaime and his Wall Street cronies. 

  Of course, I want to thank all of the Federal Regulators who have spent countless hours trying to bring Jaime down to the level where he and NOT they were the STUPID ONES!

Thanks America.  You restored my faith in the system.