Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution


Source: democracynow.org

 

Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution

 

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.”

Guests:

Alayne Fleischmann, JPMorgan Chase whistleblower. She was a deal manager at the bank, where she says she witnessed “massive criminal securities fraud” in its mortgage operations during the period leading up to the financial crisis.

Matt Taibbi, award-winning journalist with Rolling Stone magazine. His latest article is headlined “The $9 Billion Witness.” He is author of the book The Divide: American Injustice in the Age of the Wealth Gap.

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