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Keyword: jpmorganshakedown

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  • The JPMorgan Shakedown Includes Acorn-Style Kickback

    12/04/2013 10:16:55 AM PST · by SeekAndFind · 4 replies
    IBD ^ | 12/04/2013
    Extortion: Just when we thought its post-crisis probe of banks couldn't get more corrupt, the Obama administration has cut radical Democrat groups in on the record $13 billion JPMorgan Chase subprime loan deal. On Page 5 of "Annex 2" of the recently released consent order, you'll find this little gem: The Justice Department mandates that JPMorgan fork over any unclaimed or unpaid consumer damages to a nonprofit group that finances Acorn clones and other shakedown groups. They stand to reap millions. The "consumer relief" portion of the deal by itself totals $4 billion. If the government "determines that a shortfall...