Whistleblower Alayne Fleischmann on How JPMorgan Chase Helped Wreck the Economy

As a follow-up to the Rolling Stone article, here’s a recent interview with the “$9 Billion Witness”

http://democracynow.org – A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Today we speak to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed “massive criminal securities fraud” in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, “The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking.”

JPMorgan Faces U.S. Criminal Probe Into Currency Trading

Big Banking news! JP Morgan is being investigated by the US Department of Justice, and other regulators. -LW


 By Hugh Son and Michael J. Moore  Nov 4, 2014 10:10 AM ET

 JPMorgan Chase & Co. (JPM) said it faces a U.S. criminal probe into foreign-exchange dealings and boosted its maximum estimate for “reasonably possible” losses on legal cases to the highest in more than a year. The shares fell in New York.

The firm is cooperating with the criminal investigation by the Department of Justice as well as inquiries by regulators in the U.K. and elsewhere, it said yesterday in a quarterly report. The largest U.S. bank said it might need as much as $5.9 billion to cover losses beyond reserves for legal matters, up $1.3 billion from the end of June, and the most since since mid-2013.

“In recent months, U.S. government officials have emphasized their willingness to bring criminal actions against financial institutions,” the bank wrote of the general legal environment. “Such actions can have significant collateral consequences for a subject financial institution, including loss of customers and business.”

Broken Benchmarks

Chief Executive Officer Jamie Dimon, 58, who led the New York-based firm through $23 billion in settlements last year, is contending with an international probe into whether traders at the biggest banks sought to profit by rigging currency rates. Citigroup Inc. (C) and Zurich-based UBS AG disclosed last week they also face criminal inquiries by the Justice Department into their foreign-exchange dealings. Citigroup cut third-quarter results to include a $600 million legal charge.

Photographer: Ron Antonelli/Bloomberg

The JPMorgan Chase & Co. headquarters in New York.

‘No Assurance’

“These investigations are focused on the firm’s spot FX trading activities as well as controls applicable to those activities,” JPMorgan said in its report. While the company is in talks to resolve the cases, “there is no assurance that such discussions will result in settlements,” it said.

JPMorgan slid 1.7 percent to $59.87 at 9:52 a.m., the most in more than two weeks and the worst performance in the KBW Bank Index. (BKX) The shares have gained 2.5 percent this year, compared with the 3.9 percent advance of the 24-company index.

Banks are facing foreign-exchange probes by authorities on three continents, people with knowledge of the situation have said. Richard Usher, JPMorgan’s chief currency dealer in London, left the company amid efforts to settle a U.K. probe into allegations of foreign-exchange rigging, people with knowledge of the moves said last month. He hasn’t been accused of any wrongdoing.

Holder’s View

JPMorgan booked $1.01 billion in legal expenses during the third quarter, tied “in large part” to the currency probes, Chief Financial Officer Marianne Lake said on Oct. 14. Cases could cost banks as much as $41 billion combined to settle, analysts at New York-based Citigroup, led by Kinner Lakhani, said last month.

Photographer: Jin Lee/Bloomberg

Marianne Lake, CFO of JPMorgan Chase & Co., at a Bloomberg Television interview in… Read More

The bank separately estimated that fourth-quarter sales and trading revenue will drop by about $300 million, or 8 percent, amid a push to simplify the company. Costs in the division will be lowered by about $200 million as the firm sells units including its physical commodities business as part of that effort, it said.

U.S. Attorney General Eric Holder announced in May that authorities were pursuing criminal cases against banks, showing that financial institutions aren’t too big to prosecute. The Justice Department later wrested guilty pleas — once viewed as a death penalty for a bank — from Credit Suisse Group AG (CSGN)’s main bank subsidiary for helping Americans avoid taxes, and from BNP Paribas SA (BNP) for handling banned transactions involving Sudan, Iran and Cuba.

SEC Directive

U.S. firms began disclosing estimates for possible legal losses after the U.S. Securities and Exchange Commission told finance chiefs in 2010 they should provide investor guidance “when there is at least a reasonable possibility” costs will be incurred, even if the risk is too low to require reserves.

JPMorgan said its estimated range, spanning no cost to as much as $5.9 billion as of Sept. 30, “involves significant judgment, given the varying stages of the proceedings.” It already has set aside money to cover several hundred legal proceedings, and it may boost those accruals further if additional expenses become probable.

To contact the reporters on this story: Hugh Son in New York at hson1@bloomberg.net; Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net David Scheer, Steven Crabill

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MSM Blackout: Eric Holder’s DOJ Implicated on Multiple Corruption Charges

Judge Morrison C. England Jr. ordered the entire judiciary recused from a case another judge called “egregious” and “reprehensible”

In perhaps the most stunning documentation yet of abuses by Eric Holder’s Justice Department, two former Assistant United States Attorneys spoke to defense attorneys and revealed appalling deceit and corruption of justice. This latest litigation time bomb has exploded from multi-million dollar litigation originally brought by the Department of Justice against Sierra Pacific based on allegations that the lumber company and related defendants were responsible for a wildfire that destroyed 65,000 acres in California.

In what was dubbed the “Moonlight Fire” case, the tables are now turned. The defendants have discovered new evidence and filed a stunning motion. The new evidence and disclosures are being taken seriously by the Chief Judge of the Eastern District of California—as they should be. In a shocking action, Judge Morrison C. England Jr. ordered the recusal of every federal judge in the Eastern District of California.

Sierra Pacific Industries and other defendants were compelled to pay $55 million to the United States over a period of five years and transfer 22,500 acres of land to settle massive litigation brought against them by the United States alleging that they caused a 2007 fire that destroyed 65,000 acres in California. Sierra Pacific has always maintained that the fire started elsewhere and that the state and federal investigators and Department attorneys lied. Now that settlement may go up in smoke because of the new evidence of outrageous misconduct by the federal prosecutors and the investigators from state and federal offices, as well as findings earlier this year by a state judge.

In an extraordinary development, Judge England, Chief Judge of the United States District Court for the Eastern District of California, ordered the recusal of all the Eastern District judges from the case because of serious allegations that the Court itself was defrauded by the government in the original prosecution. To avoid any appearance of partiality, he has referred the case to Ninth Circuit Chief Judge Alex Kozinski to appoint a judge from outside the Eastern District to handle the case going forward. Judge Kozinski has excoriated prosecutors for failing to meet their legal and ethical obligations.

The order notes that the defendants filed an action this week to set aside the $55 million settlement because, as the defendants allege, “the United States presented false evidence to the Defendants and the Court; advanced arguments to the Court premised on that false evidence; or, for which material evidence had been withheld, and obtaining court rulings based thereon; prepared key Moonlight Fire investigators for depositions, and allowed them to repeatedly give false testimony about the most important aspects of their investigation; and failed to disclose the facts and circumstances associated with the Moonlight Fire lead investigator’s direct financial interest in the outcome of the investigation arising from an illegal bank account that has since been exposed and terminated.”

The Sacramento Bee reported on the Defendant’s filing. Indeed, the Defendants’ motion informs us that a former Assistant United States Attorney came forward and disclosed that he believes that he was removed from the original prosecution by “his boss, David Shelledy, chief of the civil division in the United States Attorney’s office,” because he “rebuffed” pressure to “engage in unethical conduct as a lawyer.” Of course, like other former prosecutors who were unethical, Mr. Shelledy is to receive Attorney General Holder’s highest award for excellence—this week.

The defendants also reveal that another former federal prosecutor, Eric Overby, left the Moonlight Fire prosecution team also, stating: “It’s called the Department of Justice. It’s not called the Department of Revenue.” According to the motion, Mr. Overby told defense counsel that in his entire career, “I’ve never seen anything like this. Never.”

Well, sadly we have, and we’ve been reporting on it as fast as we can. This is part of a disturbing and rapidly increasing pattern of abuses by this Department of Justice to line government coffers or redistribute the wealth to its political allies—using its overwhelming litigation might and federal agencies as a tool of extortion and wealth redistribution.

The entire original prosecution against Sierra Pacific appears to have been driven by the Department of Justice’s interest in hitting a “deep pocket” for millions of dollars of revenue. The Defendants’ motion to set aside the settlement reveals a series of fraudulent acts by federal and state authorities that defiles our system of justice.

Dick Beckler, an attorney for the company who used to be at DOJ and is now with Bracewell Giuliani, told the Observer, “Sierra Pacific is looking forward to having its day in court and proving all the facts of the government’s fraud on the court.”

A California state judge, Leslie C. Nichols, in a related state case issued orders earlier this year describing what he called “egregious,” “pervasive,” and “reprehensible” abuses in the investigation and prosecution amounting to “government corruption.” He found the state case to “betray the primary purpose of the judicial system—to reveal the truth.” He awarded $32 million in fees and expenses to the Defendants, finding as the Sacramento Bee reports, that the state agency, Cal Fire, “withheld some documents, destroyed other evidence and ‘engaged in a systematic campaign of misdirection with the purpose of recovering money’ from Sierra Pacific.”

It’s encouraging to see Judge England join Judge Emmet G. Sullivan and Judge Bates, and others, as our Article III judges begin to demand that federal attorneys and agents follow the law and their oaths of office. But there remains a lot more work to do. It’s way past time to hold Holder accountable.

When will the next litigation time bomb and scandal explode on Mr. Holder and this administration? He can’t run fast enough.

This story has been updated to add comment from Sierra Pacific’s attorney.

 

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SHELL GAME: This Is Why Michael Hastings Was Murdered And Eric Holder Stepped Down [Video]

“19,000 Swiss Bank Accounts fund Terrorism.

Part of the reason behind Eric Holder’s immediate retirement.”

Discussion of the book SHELL GAME: A Military Whistleblowing Report to the U.S. Congress Exposing the Betrayal and Cover-Up by the U.S. Government of the Union Bank of Switzerland-Terrorist Threat Finance Connection to Booz Allen Hamilton and U.S. Central Command ~ 2LT Scott Bennett 11th Psychological Operations Battalion (retired)

Background: Scott Bennett is a U.S. Army Special Operations Officer (11th Psychological Operations Battalion, Civil Affairs-Psychological Operations Command), and a global psychological warfare-counterterrorism analyst, formerly with defense contractor Booz Allen Hamilton.

He received a Direct Commission as an Officer, held a Top Secret/Sensitive Compartmentalized Information (TS/SCI) security clearance, and worked in the highest levels of international counterterrorism in Washington DC and MacDill Air Force Base in Tampa, Florida. He has worked at U.S. Special Operations Command, U.S. Central Command, the State Department Coordinator for Counterterrorism, and other government agencies. He served in the G.W. Bush Administration from 2003 to 2008, and was a Social Science Research Fellow at the Heritage Foundation. His writings and lectures seek to enhance global awareness and understanding of modern psychological warfare, the international intelligence.

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Wolf meets with Oath Keepers / CIA Spy confirms Sandy Hook and Boston bombing “false flags”

There seems to be a theme here. today . . .  A few days ago, I was simply researching things going on in the world of Common Law Grand Juries. In that time, the lid has been blown-off the entire Sandy Hook event. Earlier this week, Wolfgang Halbig met with a group of Oath Keepers in New York–here are the details.

Reader submissions are helping to get the truth out there. Many thanks to all parties involved. -LW


Wolf meets with Oath Keepers / CIA Spy confirms Sandy Hook and Boston bombing “false flag” events

by Jim FetzerDr. Eowyn and David Weiss

David Weiss, Wolfgang Halbig and Tim Rothschild (no relation to the banksters)

David Weiss, Wolfgang Halbig and Tim Rothschild (no relation to the infamous banksters of the same name)

Wolfgang Halbig converted nearly 200 “Oath Keepers” during a presentation on Long Island, including many New York State Police, EMTs and other experts in this domain.

He was accompanied by David Weiss, who has composed a summary of the event, which I am now publishing here. And we have a video that goes with it.

In addition, we have discovered a manual that appears to be the op plan for the Sandy Hook exercise, which Obama admin officials in the Department of Education have confirmed was a drill where no children died that was done to promote an anti-gun agenda.

And a former CIA spook has declared that Sandy Hook and the Boston bombing were “false flag” occurrences, where a staged event is presented as done by others to influence a target audience. He identifies several “indicators” that it was not a real event.

Dr. Eowyn, who has done exceptional studies of Sandy Hook, presents her analysis of what he had to say during an interview with Alex Jones, during where (as an insider) he confirms what we have been publishing at Veterans Today and on Dr. Eowyn’s personal blog.

The Wolf is on the prowl

Wolfgang W. Halbig came to an Oath Keepers meeting in Long Island NY on Monday, 6 October 2014, to discuss the evidence of the Sandy Hook massacre actually being an elaborate illusion pulled off by people within FEMA, Homeland Security and the highest levels of our government. He presented to a packed room of 150-200 persons, of whom about half were law enforcement and EMS workers. Prior to the presentation, I had (David Weiss) interviewed a few random people on their thoughts on Sandy Hook and all of them said they only know the official story of a lone gunman killing 26 people and they were here to hear a presentation on what really happened. They had no idea what they were about to hear. Wolfgang presented for just over 2 hours followed up by a Q&A. There were intelligent questions asked in search of an alternative reason things might have happened but the answers brought every point back to the undeniable conclusion that the official story was just that, an impossible story. By the end everyone there was wide awake to the mass deception played out on the world on 14 December 2012.

Many people out there have different opinions of Wolfgang from him being an agent for the PTB to not agreeing with his methods of investigation. If you don’t like his methods, that is your opinion and you have every right to it but if you think he is an agent out to crush the truth movement, thats where I step in and tell you that you are very mistaken. I (David Weiss) met Wolfgang after his first interview (with Dave Gahary) to go viral on YouTube. I helped him set up a PayPal account, which he had no Idea how to do and later his GoFundMe crowd funding account. The man has no ties to anyone that is out to stop truth. He has no agenda other than to expose the fraud at Sandy Hook. He has risked his life and his family relationships over this and has not gained a personal penny. In fact he has spent much of his own money. Love him or hate him, he is giving it his all and is a true American patriot and hero.

The FEMA Drill document

Originally we came across a Youtube video showing the attached document describing a FEMA drill scheduled for 12/13/12 that would be reviewed as a real-time event on 12/14/12. It certainly would be a smoking gun, if it could be determined to be authentic. An administrator from the “Sandy Hook HOAX” FaceBook page reached out to the YouTuber to see where he obtained the document. He explained that he was crawling the web with a specific browser looking for interesting stuff and found this:

If this document is real–and it describes an event that begins at 8:00 AM and ends at 11:59 PM, which corresponds with the Sandy Hook timeline, which reinforces such an inference–then there are two alternatives as to how it came to be discovered: either (1) it wasn’t hidden well enough and someone found a way in; or (2) someone involved purposely leaked it to anonymously blow the whistle.

An additional reason to believe that this might be the manual for staging the event is that a bill before the Connecticut State Legislature provides compensation for the stress and anxiety endured by those who were within the vicinity of Sandy Hook Elementary School between 9 AM and 11:59 PM when it occurred, which is the same time specified in (what appears to be) the actual manual for its conduct and represents what should properly be interpreted as yet another form of bribery to not expose the scam:

Bill to compensate : another bribe

While meta-data embedded in the PDF shows a creation date of 10/8/12, that isn’t difficult to fake. You would only need to reset your computer to that date and create a new PDF. That is reminiscent of the sting on Dan Rather, who discovered a fitness report on George W. Bush wile serving in the Texas Air National Guard. He vetted it thoroughly by verifying its contents, word by word, with the secretary who typed it and the officer who had dictated it.

But one of W’s handlers–probably Karen Hughes–had already discovered it and had it retyped, so that when Dan Rather presented his expose on television, they immediately declared it to be a fake because it had been types using a font that IBM only introduced after the date of the document itself. Most Americans, hearing that the document was fake, mistakenly inferred that its contents must therefore be false. This manual may be meant to be a sting of that kind.

Former CIA Spy: Sandy Hook and Boston Bombing were false flags

by 

Robert David Steele, 62, is a former CIA clandestine services case officer known for his promotion of open source intelligence. He was a candidate for the Reform Party‘s nomination for President of the United States in the 2012 presidential election. (Click here for his bibliography and media appearances.)

Steele is the founder and publisher of Public Intelligence Blog.

In a recent interview with Alex Jones of InfoWars, Steele confirms everything FOTM has said about the Sandy Hook school massacre on December 14, 2012, and the Boston Marathon bombings on April 15, 2013 — that they were false flag events.

A “false flag” event is some traumatic public incident that is:

  • False: The public are given an untruthful version of the event by the government and the media. The falsity can range from no one actually had been killed or hurt (it was all theater); to some of the alleged victims are real; to all the alleged victims are real but the alleged perpetrator(s) is a fall guy who was set up by the “real” conspirators behind the scenes.
  • Results in a “rallying around the flag” effect: Whatever the true nature of the “false flag” event, the objective is to arouse and manipulate the emotions (fear, anger, outrage, indignation) of the American people so that they’ll “rally around the flag” in an outburst of patriotism, supplying the current White House occupant and his (and his party’s) policies with their support and loyalty.

Below is the video of the interview, followed by the transcript of Steele’s words, interspersed with links to the relevant FOTM posts.

Beginning at the 6:03 mark, Steele said:

“From where I sit, both the [Sandy Hook Elementary] school in Connecticut and the Boston Bombing were false flag operations.

“The school in Connecticut had been closed for years. There were no students, no teachers, no parent-teacher associations. The paramedics were not allowed into the school. From where I sit, that was a complete false flag. It was a drill. But … others have exposed the actors who were involved, financial relations with the families that were allegedly victimized, who had their homes bought and were then given exit pass. All of that is on the record, but you don’t see the media covering that.”

See:

Steele continues: “Boston bombing, for me, the truthteller was when the rabbis and the priests rushed to comfort the wounded and they were not allowed to get near any of the wounded. That, in intelligence, we call an indicator. And then you add to that the fact there were no, I mean no, wounded people taken to hospitals. And finally, you add to that the big to-do about the amputee. He turned out to be a hired actor for a company that specializes at putting amputees into battle field simulations. False flag. Boston was a practice attempt to lock down an entire city.”

See:

Beg. at the 8:44 mark, Steele said: “the actual bomb was a theatrical device. You don’t buy gun powder at a fireworks store to create a bomb. It just is not done. I had my explosive ordinance people look at this. Everybody laughed at this. This was school kids stuff. THERE WAS NO BOMB. There were no injuries. This was a false flag.”

See “Were Boston Marathon bombings a false flag? – Part 2: The bomb drill

Steele continues: “And now we’re seeing 9/11 unravel, and Richard Gates getting on CSPAN. Basically, the American public is starting to wake up, and all of these little things that they could have gotten away with are now starting to collapse because of the Internet, because of guys like you, because of people like me and my contributing editors. And so I think we’re coming to the end of the road here. I do believe, and I really want to stress here, I think 95% of the people in the U.S. government are good people trapped in a bad system. But the last 5% are doing some evil, pathologically sick things, including murdering U.S. citizens. And that’s the part that I’m starting to see signs of encouragement. For example … the court has finally just refused to accept [Eric Holder] Attorney General’s assurances about secret state documents, and for the first time in modern history the court is saying to the executive, ‘You have to show us these secret documents. We will not make you make claims without showing us the documents. I believe the tide is turning, legally, against government misbehavior.”

H/t FOTM’s Maziel


David Weiss maintains a Facebook page called, “Exposing The Big Three”, which compiles the best articles and videos on 9/11 Sandy Hook and the Boston bombing.

Dr, Eowyn maintains the Fellowship of the Minds blog featuring  Sandy Hook Massacre and Boston Marathon Bombings pages for links to all the other posts she has published on those two false flag events.

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Patrick Fitzgerald Floated for Top Attorney General Spot… One step closer to NESARA?

Patrick Fitzgerald’s connection to NESARA: At least 100,000 Cases have been considered by 56 Grand Juries over the last 4 years, by Patrick Fitzgerald, in the US. Their Sealed Indictments are ready to be unsealed and made public. These ones will go…or have already been taken to the World Court in the Hague…for War Crimes Trials & sentencing. Another condition for Announcement is the disclosure of the Galactic Presence and their Involvement in planetary affairs. It is not yet known whether this will be Full Disclosure or progressive disclosures over some weeks… Read More about Patrick Fitzgerald & NESARA →

According to these articles, a soft disclosure campaign has already begun:

Patrick Fitzgerald will leave office with a trail of political scalps and plenty of politicians who have been looking over their shoulders for more than a decade. Phil Rogers reports.

(NBC Chicago) Well, you have to admit—he’s got a good resume.

Patrick Fitzgerald, former U.S. Attorney for the Northern District of Illinois, is being touted by some as a potential replacement for outgoing Attorney General Eric Holder.
The Chicago Sun-Times reports Fitzgerald’s name is being bandied about in legal circles, and no less than Illinois’ junior Senator, Mark Kirk, appears to be in Fitzgerald’s corner.
Fitzgerald’s reputation as a hard-nosed prosecutor of political corruption, along with a recognized expertise in national security law, makes him the perfect choice in the eyes of those looking to re-energize the nation’s top law enforcement office after years of controversy under Holder.
Fitzgerald won national acclaim for his many high-profile investigations during his tenure in the Chicago U.S. Attorney’s office, including convictions of two former Illinois governors, Rod Blagojevich and George Ryan. He also set his sights on media mogul Conrad Black, several aides to Chicago Mayor Richard Daley in the Hired Truck Program, and Chicago detective and torturer Jon Burge.
Despite a welcome return for some to a focus on civil rights issues while in office, many observers feel Holder’s tenure to be a series of missed opportunities at best and a controversy-ridden tenure at worst.
Republicans in Congress, long opposed to Holder and more than happy to cause President Obama problems on any available political front, have already signaled their likely opposition to anyone Obama nominates for the post.
Nevertheless, some Fitzgerald backers are hoping his reputation and track record can be brought to bear on those areas critics have faulted the U.S. Attorney General’s office for being lax on. Specifically, they point to Holder’s failure to aggressively prosecute Wall Street malfeasance and re-litigate the errors and missteps of the Bush administration’s War on Terror as places where Fitzgerald could make his mark.
Yet, the last two years of any presidency are often marked by Congressional investigations into executive branch policies and behavior that could easily end up on the Attorney General’s desk. That could well mean Obama may be reluctant to appoint a prosecutorial bulldog to occupy an office just down the street on Pennsylvania Ave.

via Patrick Fitzgerald Floated for Top Attorney General Spot… One step closer to NESARA? » The Event Chronicle.

Change is Here: Eric Holder Resigning as Attorney General

This is a day for which many of us have been waiting. Yet another (positive?) change. Woo Hoo! -LW

WASHINGTON — Attorney General Eric H. Holder Jr. will resign his post, the Justice Department said Thursday. Mr. Holder will remain in office until a successor is nominated and confirmed.

Mr. Holder, the 82nd attorney general and the first African-American to serve in that position, had previously said he planned to leave office by the end of this year.

Particularly in President Obama’s second term, Mr. Holder has been the most prominent liberal voice of the administration.

The Justice Department said Mr. Holder finalized his plans to leave in an hour-long conversation with Mr. Obama at the White House over Labor Day weekend.

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Somehow, this seems very fitting . . .

Especially with the Contempt of Congress case against him.