Tuesday, January 25, 2011

JP Morgan And Bear Stearns Accused Of MASSIVE FRAUD. Sold Investors A “Sack Of Shit” And Then Bet Against Them.

Jamie Dimon’s ego likes to tell everyone JP Morgan didn’t need any TARP money or government bailout back in 2008.  That is an outright lie.  They would have collapsed if our government had done nothing.  No ifs, ands or buts.  

And now we know apparently another dirty little secret.  One that is so blatant and willful in its malicious fraud that the perps might be advised to start buying large quantities of soap on a rope.  This will be hard to sweep under the rug as all of the other fraud has.

What would the FBI and SEC uncover if we actually had a team of investigators assigned to truly uncover the cause of this crisis?  Most likely, horrors beyond belief.

posted by TimingLogic at 1:25 PM