Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution

[notorious bum]

With the recent news about Matt Taibbi leaving First Look Media, he returns to the Rolling Stone mag to immediately get back to doing actual journalism, publishing what was to be the headliner for the scrapped team at FLM. Those dudes really dropped the ball with that bureaucratic nonsense.

http://www.democracynow.org/2014/11/...istleblower_on

A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Today we speak to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed "massive criminal securities fraud" in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, "The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking."

"The significance of this story to me is that it talks a lot about the legacy of Eric Holder. We finally have somebody from the inside who's telling us what a lot us expected all along--that the Obama administration did have enough evidence to proceed against these guilty banks and they just didn't do enough with that evidence and with those witnesses. We finally have someone like Alayne Fleischmann who can tell us all about that and all about what went on." -Matt Taibbi

Matt also did an interview on HuffPo talking more about the FLM departure. Doesn't look like we'll ever know what actually happened. I'm sure it was a typical clash of egos. Or, Matt fucking can't stand Omidyar.
http://www.huffingtonpost.com/2014/1...n_6123860.html

[BaneTheBrawler]

i thought it was obvious when "too big to fail" became an actual thing

[notorious bum]

"too big to fail." "drill, baby, drill." "O-ba-ma!" "move that *bus!" = all the phrases that haunt my dreams.

[Howie Roary]

where does the fine go to?

[BaneTheBrawler]

probably into some market bullshit owned by the company paying it

[notorious bum]

Matt and Alayne were both on one of the most entertaining financial shows on TV last week "The Keiser Report". If you haven't seen it before, you're missing out. I can't get enough of this show, the host gets into these rants and metaphors that are pure comedy gold lol The guest spots are pretty interesting as well.

Matt's interview is in the second half

[Cantih]

Bum, I know it's tempting, but don't fall into the RT trap.

[notorious bum]

RT is garbage outside of their creative programs and 2 or 3 documentaries I've seen over the past year. Abby Martin, Lee Camp, and this dude Max Keiser are producing some of the best half-hour political programming on TV, period. I find myself watching less of Colbert and Stewart, due to them only scratching the surface of serious issues and typically unsatisfying guest interviews. It's not like I'm moving onto greener and better pastures or becoming some sort of loyal RT autobot lol I still love Stewart and Colbert. These guys, along with John Oliver, just have much more creative freedom to talk about the shit that their counterparts cannot or will not.

[BaneTheBrawler]

i think colbert and stewart's biggest challenge is the daily format. that's not a lot of time to work with.