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Why does the Fed treat JPMorganChase so leniently despite all its felonies?
12:55p ET Thursday, September 23, 2021
Dear Friend of GATA and Gold:
In their Wall Street on Parade column today, the tireless Pam and Russ Martens wonder why the U.S. Federal Reserve is being rather tough on Wells Fargo Bank while letting JPMorganChase & Co. run wild, even as Wells Fargo has not been charged with any felonies while JPMorganChase has confessed to five federal felonies in recent years. including charges of manipulating the monetary metals and Treasury bond markets.
... Dispatch continues below ...
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Could it be because JPMorganChase is an agent of the Fed and Treasury Department in openly and surreptitiously manipulating markets and so the bank has as much dirt on the government as the government has on the bank?
Wall Street on Parade's commentary is headlined "When It Comes to Frauds, Wells Fargo Is on the Bunny Slope Watching JPMorgan Hop Moguls on the Black Diamond Trail" and it's posted here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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