Jamie Dimon Has Been Juggling Too Many Criminal Balls in the Air; One Just Landed with a Bang in Judge Jed Rakoff’s Court

Wall street on Parade ^ | 2 Dec 2021 | Pam Martens

[DUMBGRUNT]

one might suspect that Kenneth Polite, the man President Biden nominated and the Senate confirmed to head the Criminal Division of the Justice Department in July, might also take an interest in this matter since the plaintiff is alleging that the Justice Department got played by JPMorgan Chase in its 2016 non-prosecution agreement. Unfortunately, Polite will have to recuse himself from this matter because JPMorgan Chase was his client at his former law firm, Morgan, Lewis & Bockius, according to the financial disclosure form he filed with the Office of Government Ethics. Polite signed an Ethics Agreement on April 23, 2021 that requires the following...

Wall Street On Parade previously raised the fact that there were serious red flags surrounding the vetting of Polite to head the Criminal Division of the Justice Department. Polite owed $1.5 million in debts according to his financial disclosure form and public mortgage records. He was paying over 18 percent interest on an outstanding balance on a credit card; 19.99 percent interest on a personal loan; and yet, he had decided to accept a job at the Justice Department where his income would be slashed by more than 70 percent. At Morgan, Lewis & Bochius, Polite had been a partner earning approximately $877,500 in 2020. He would likely want to return to that job after his stint in government with a paycheck of less than $200,000 annually. It’s this revolving door between government and Wall Street that is a key factor in the unprecedented levels of recidivist crimes we are witnessing on Wall Street today.

The case became known as the “Princeling Scandal.” The Securities and Exchange Commission called it a “systemic bribery scheme.” When the $264 million settlement was announced, Kara Brockmeyer, then Chief of the SEC Enforcement...

[DUMBGRUNT]

This all-out in the deep swamp weeds. Will it ever see the light of day?

And there is a reason Musk is giving JPMorgan a "one star review on Yelp."

Also, the matter of Mr. Dimon kissing Xi's ring last week...

Back in the day, you would never receive a security clearance owing that kind of juice.

[unclebankster]

I’m no fan of Dimon he referred to himself as “barely a Democrat” in 2012.
He now say I have a Democratic heart, but my brain is kind of Republican.

I will be judging JP Morgan and Dimon on their loans to our energy sector.

If JPM goes woke and destroys our energy sector, I’ll unload every share within 2 years.