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How Big Banks Buy Their Way Out of Criminal Indictments

November 6, 2014

Introduction by Paul Craig Roberts:Matt Taibbi on the total corruption of the US financial system and its regulatory authorities

Taibbi makes it clear that a few big banks own the government and are not subject to punishment under criminal law. When they commit a crime, they just pay a fine.

Matt Taibbi, Pam Martens, and Nomi Prins are the best financial reporters that we have, and, yes, you guessed it, they do not work for the Wall Street Journal, New York Times, BloombergBusinessWeek, or for the talking head TV financial shows. My hat is off to the three of them. They have taught me a lot.

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Rolling Stone

By Matt Taibbi

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare

Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn't take it anymore.

"It was like watching an old lady get mugged on the street," she says. "I thought, 'I can't sit by any longer.'"

Fleischmann is a tall, thin, quick-witted securities lawyer in her late thirties, with long blond hair, pale-blue eyes and an infectious sense of humor that has survived some very tough times. She's had to struggle to find work despite some striking skills and qualifications, a common symptom of a not-so-common condition called being a whistle-blower.

Read more . . .

Link:

The Inside Story Of Matt Taibbi’s Departure From First Look Media by Glenn Greenwald, Laura Poitras, Jeremy Scahill, and John Cook [The Intercept] Oct 30, 2014