RJ Eskow: We’ve been saying for years that JPMorgan Chase is fundamentally a criminal enterprise, that “Obama’s favorite banker” Jamie Dimon is a fraud, and that “America’s best bank” is a nest of venality and criminality.
I turn on television and the words “John Hughes,” “Chevy Chase,” “Tim Allen” and “Dan Aykroyd” pop up on the screen, my blood runs cold, my temples throb and I switch over to Fat Boy Hackeysack on ESPN2, or faux history shows like Ancestors in the Attic and Ice Road Truckers. I’d rather watch more bad news from Afghanistan on BBC World, or even Céline Dion on Ice.
Although the story is being widely reported across Europe and Asia, it’s received scant media coverage in the US. AsiaNews along with other major media outlets outside the US are reporting that Italy’s financial police, the Guardia Italiana di Finanza, seized US government bonds worth $134.5 billion from two Japanese nationals at Chiasso, located less [...]
Few had heard the name Bernard (Bernie) Madoff, as recently as two months ago. An equally small group was familiar with the term “Ponzi Scheme” when the Madoff scandal broke. And now there is the Sir R. Allen Stanford scandal. Now, in this era of keen observance to rules of fiscal prudence where the public [...]