Ahhhh…. JP Morgan Chase… the largest bank in America. The bank that didn’t file a single FinCEN report (required for bank transactions of $10,000 or more) on the infamous Madoff Ponzi scheme account. No one at Chase went to jail but they paid a $2 billion fine & kept on conducting business as usual. $11 billion profit for one quarter? That’s not profit, it’s arbitrage.

Ahhhh…. JP Morgan Chase… the largest bank in America. The bank that didn’t file a single FinCEN report (required for bank transactions of $10,000 or more) on the infamous Madoff Ponzi scheme account. No one at Chase went to jail but they paid a $2 billion fine & kept on conducting business as usual. $11 billion profit for one quarter? That’s not profit, it’s arbitrage.

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