- Jun 16, 2008
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http://money.cnn.com/2012/05/16/markets/jpmorgan-fbi-investigation/index.htm
http://www.foxbusiness.com/news/2012/05/16/fbi-mueller-confirms-probe-into-jp-morgan-trading-loss/
I wonder if this means that there is something that indicates "criminality"
I hope the F.B.I. wouldn't open an investigation unless there was a strong indication that they could find something.
The fact that this happened in a few short years after the debacle in 2008 involving derivatives is just mind boggling.
A version of the Glass Steagall act needs to be reinstated. Clinton must've been drinking some damn good kool-aid when he signed Graham Leech Blighly into law.
Erik Gordon, a law and business professor at the University of Michigan, said the opening of an FBI investigation escalates pressure on the bank.
"The FBI are not guys looking for violations of civil and and securities law," Gordon said. "They look for one thing, and one thing only: criminality."
James Cox, a professor at Duke Law School, said that it is unusual for the FBI to launch an investigation so soon after an incident in which no malfeasance is immediately apparent.
http://www.foxbusiness.com/news/2012/05/16/fbi-mueller-confirms-probe-into-jp-morgan-trading-loss/
"All I can say is we've opened a preliminary investigation and, as you would well know having been in this business for a long time, it depends on a number of factors," FBI Director Robert Mueller said at a Senate Judiciary Committee hearing Wednesday.
I wonder if this means that there is something that indicates "criminality"
I hope the F.B.I. wouldn't open an investigation unless there was a strong indication that they could find something.
The fact that this happened in a few short years after the debacle in 2008 involving derivatives is just mind boggling.
A version of the Glass Steagall act needs to be reinstated. Clinton must've been drinking some damn good kool-aid when he signed Graham Leech Blighly into law.
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