Jamie Feels Terrible -- JPMorgan Chase Faces Full-Court Press of Federal Investigations

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Jamie Feels Terrible — JPMorgan Chase Faces Full-Court Press of Federal Investigations

Jamie Feels Terrible — JPMorgan Chase Faces Full-Court Press of Federal Investigations

“Jamie and other executives feel terrible that the bank’s self-inflicted mistakes have put regulators in an awkward position,” Mr. Evangelisti said. He added, “We are wholly to blame for our errors and are fully cooperating with all authorities to make things right.”

Oh and by this you…. mean the same authorities that were caught kissing his arse!

 

NYT-

As the nation’s strongest bank, JPMorgan Chase used to be known for carrying special sway with regulators. Now it increasingly finds itself in the cross hairs of federal authorities.

At least two board members are worried about the mounting problems, and some top executives fear that the bank’s relationships in Washington have frayed as JPMorgan becomes a focus of federal investigations.

[NEW YORK TIMES]

image: AP

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One Response to “Jamie Feels Terrible — JPMorgan Chase Faces Full-Court Press of Federal Investigations”

  1. project_wolverine says:

    The regulators that are examining the mortgages for fraud need to dig a little deeper and go go back to when the mortgages were originated (follow the money). JPMorgan Chases underling cronies (underwriters) committed most of the fraud and by the time JPMorgan Chase gets the mortgage transferred back into its own name and securitized the mortgage the fraud is hidden and most of the mortgages have no consideration they were never funded and that is a breach of contract.

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