Galt's Gulch

Massive Fraud at Chase covered up with AG's help

Posted by xthinker88 9 years, 5 months ago to Government
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The mouchers are on every side. Collusion between the DOJ and Chase to conceal fraud. This is one of the reasons that I seldom rush to the quick defense of businessmen in this country as many objectivists seem to. The James Taggart's far outnumber the Hank Reardens.
SOURCE URL: http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106?page=4

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  • Posted by Snoogoo 9 years, 5 months ago
    Wow great find on the article. I was thinking about your James Taggart vs Hank Rearden comment and if you compare Rearden Steel to the massive global corporate conglomerates of today I don't think there is a comparison. Rearden Steel or maybe a comparative venture like Microsoft, Apple, Virgin, etc. are really peanuts compared to the global financial markets who are run by the mysterious and ever-changing cogs in the giant machine that produces nothing of any actual value.
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  • Posted by ObjectiveAnalyst 9 years, 5 months ago
    So, the government policies encourage practices that create a foreseeable tsunami, create too big to fail through cronyism, stay loyal, perpetuating the monster with only token fines, and a wink and a nod, probably to hide their complicity. Meanwhile only the little guy pays. Nope, nothing new here. Clowns to the left of me jokers to the right...
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  • Posted by khalling 9 years, 5 months ago
    this was a great article. I gave you a point, but I see someone dinged it. Trolls in the house
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    • Posted by xthinker88 9 years, 5 months ago
      thanks. I don't really watch those things much either plus or minus. Not sure why it would be dinged. Seems like a very well researched article. And I have a friend who was basically destroyed by FINRA during a whistle blowing thing at Merrill Lynch. But I post for me. Not for points.

      To me a down vote on an article like that is either a vote that you don't believe it's true (in which case I wish the person would just argue their point) or you are in favor of fraud. Seems like a false dilemma but I don't think so.
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