Friday, November 26, 2010

JP Morgan - Fraudsters?

Teri Buhl: "Talk about accusing them with the kitchen sink of bank fraud. Now here is what I find a weak excuse for why the investors in a publicly traded company (or anyone else who’s interested) shouldn’t be allowed to see this complaint. JP Morgan’s argument is because Abmac was able to get sworn testimony from people working inside the mortgage security packaging shop about how they broke the law, that this information should be considered a trade secret. On top of that they argue that because ex-employees of these alleged financial criminals are testifying exactly who at the bank told them to skirt the law, this information really needs to be suppressed because if might damage top JPM executive reputations."

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Not moderated but I do delete spam and I would rather that people not act like assholes.