Respectfully submitted by Lawrence E. Rafferty (rafflaw)-Guest Blogger
I am sure that you have heard the phrases, “Too Big to Fail” and “Too Big to Jail”, when it comes to the so-called Big Banks. Indeed, the topic has been written about and discussed on many occasions here on Professor Turley’s blog. Fellow Guest Blogger Elaine Magliaro wrote about it here, and I wrote about Big Banks plotting, along with the FDIC and the Bank of England to “steal” depositors money in order to bail out gambling banks, to name a couple of recent articles.
The stories about Big Banks being investigated and fined could fill a very large hard drive. Even with all of those stories and countless others, I was still shocked to read recently about a meeting that JP Morgan CEO Jamie Dimon had with the United States Attorney General, Eric Holder. It was reported that the purpose of the meeting was to discuss yet another financial settlement for alleged JP Morgan irregularities. The numbers they allegedly were discussing were staggering! Continue reading “Is it Time to Break Up JP Morgan?”
















