Tag: fraud

Rewarding Bad Behavior – J.P. Morgan
ecthompsonmd November 20, 2013

So, J.P. Morgan Chase was able to settle with the Justice Department for $13 billion. This is rewarding bad behavior. Don’t get me wrong, $13 billion is a lot of money. But J.P. Morgan Chase, like many other of these financial behemoths, broke the law and committed fraud. From WSJ: The historic settlement ends a number of investigations and lawsuits targeting soured mortgage bonds issued before the financial crisis and amounts to the biggest combination of fines and damages extracted by the U.S. government in a civil settlement with any single company. “Without a doubt, the conduct uncovered in this investigation

Read More
Banking Fraud
ecthompsonmd July 18, 2012

Banking fraud seems to be no big deal. It truly bothers me that fraud is only prosecuted in this country if you’re unable to hire high-priced lawyers. As a matter fact, as we learned from the O.J. Simpson trial, you can get away with murder if you can hire enough lawyers to confound and confuse the jury. (“If the glove don’t fit, you must acquit.”) Now, it appears that the London-based financial giant Barclays has been manipulating the LIBOR interest rates. At the very least, this criminal activity has probably cost investors millions, if not billions, of dollars. At most, Barclays has

Read More
Miles Davis – So What
ecthompsonmd August 5, 2011

Probably one of the most influential jazz musicians, playing one of the influential jazz tunes of all-time. I originally posted this several years ago. I would like to ask the guys at S&P to kiss a part of my anatomy but that’s not civilized. So, I’ll play a little music and let my blood pressure settle down. Since S&P was an integral part of the fraud that was the mortgage bubble, I don’t see why the Department of Justice doesn’t take the gloves off. You downgrade us over some stupidness, then I’ll throw your butt in jail over helping to take

Read More
Subscribe for updates!
ABOUT AUTHOR
Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

Books

A Letter to America

Get a copy now

The Thirteeneth Juror

Where is The Outrage Topics
Categories
FOLLOW ME ON
Facebook Twitter Youtube