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‘To Big To Fail’ Bank Customers Will Be Destroyed in Next Economic Meltdown – Helen Chaitman, author, “JP Madoff”
TND Videocast Spotlight: Greg Hunter’s USAWatchdog.com
Helen Davis Chaitman was the lead attorney representing the victims of the $65 billion Bernie Madoff scam. Madoff had help form JP Morgan Chase Bank, and what she found out was stunning. Chaitman explains, “JP Morgan Chase was the subject of a criminal complaint . . . it was charged with a criminal violation of the Bank Secrecy Act, which is a felony violation. JP Morgan Chase disgorged a small percentage of the profits it made on the Madoff relationship, and the government called it quits. Nobody was fired. Nobody disgorged bonuses, they just went on doing other crimes.”
Chaitman, who wrote a book called “JP Madoff,” documented that JP Morgan Chase paid nearly $36 billion in fines for various crimes just in the last four years. Chaitman says all the big banks are basically criminal organizations, and “all of them regularly engage in fraud.” Chaitman also says, “I could have written this book about HSBC, Bank of America or Citi Group. All the banks, and the government encourages them to do this, all of the banks have been operating like criminal enterprises. . . . The bankers have become such criminals it threatens the entire world economy.”
What will happen to the customers of the big banks in the next financial meltdown? Chaitman warns, “The customers will be destroyed, and if the banks still have enough money to buy Washington, the government will protect them just like it has since 2008.”
Join Greg Hunter as he goes One-on-One with Helen Chaitman, author of the new book “JP Madoff.”
Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.
After the Interview:
Chaitman is appealing two rulings in Florida and New York for victims of the Madoff fraud. She continues to try to get money back for victims from JP Morgan Chase. You can keep up with Helen and the Madoff scandal by going to JPMadoff.com. There is also a book buying link on the home page.
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About Greg Hunter:
Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate. Reprinted with permission.
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