JP Morgan Chase

Feb 242014
Repair the Water Main Breaks – Make The Banks Pay!

Every day there is a new water main break caused by the pressure on the Detroit Water & Sewerage Department’s (DWSD) infrastructure by the freezing winter.  The press and Emergency Manager are using these breaks to justify the giveaway of the DWSD to suburban controlled entities, and as an excuse for privatizing the workforce and […]

Jan 272014
JPMorgan and Madoff Were Facilitating Nesting Dolls-Style Frauds Within Frauds

JPMorgan has been forced to pay fines and restitution of $2.6 billion for their 22-year role in aiding and abetting Ponzi-scheming Bernie Madoff.  The people of Detroit must demand the same – the Detroit Water and Sewerage  swap temination fees paid out in 2011 and 2012 by  JP Morgan Chase, Morgan Stanley, UBS and Loop […]

Jan 022014
U.S Justice Department sides with JPMorgan Chase, again

When the Justice Department refused to enforce this subpoena, it went against not one, or two, but three sets of investigators who had found a serious basis for suspecting JPMorgan of wrongdoing in the Madoff fraud. Why Did the Justice Department Kill the Madoff Subpoena Against JPMorgan? By Pam Martens, Wall Street on Parade, December […]

 January 2, 2014  Posted by at 5:43 am Uncategorized Tagged with: ,  No Responses »
Jun 202013

JPMorgan Caught in Swirl of Regulatory Woes, May 3, 2013 Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath. The findings appear in a confidential government document, reviewed by The […]

 June 20, 2013  Posted by at 3:11 am Uncategorized Tagged with: ,  No Responses »
Jun 152013

Reuters, Mon Jun 10, 2013 11:37am EDT June 10 (Reuters) – JPMorgan Chase and Co Inc and other power traders that benefited from a flaw in the California electricity market rules from 2009 through 2011 will need to reimburse $52 million in excess profits, U.S. regulators said last week. The ruling from the Federal Energy […]

 June 15, 2013  Posted by at 2:44 am Uncategorized Tagged with: ,  No Responses »
Jun 012013

By David Sheppard NEW YORK | Wed May 29, 2013 8:00pm EDT (Reuters) – A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co’s (JPM.N) power trading in Michigan, as the Federal Energy Regulatory Commission (FERC) considers whether to sanction the firm. Michigan Congressman Dan Kildee, a Democrat who […]

 June 1, 2013  Posted by at 3:25 am Uncategorized Tagged with: ,  No Responses »
Mar 152013

from Bloomberg News By Darrell Preston and Chris Christoff – Mar 13, 2013 The only winners in the financial crisis that brought Detroit (9845MF) to the brink of state takeover are Wall Street bankers who reaped more than $474 million from a city too poor to keep street lights working. The city started borrowing to plug […]