Federal authorities have opened a bribery investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win lucrative business in the booming nation, according to a confidential United States government document.
In one instance, the bank hired the son of a former Chinese banking regulator who is now the chairman of the China Everbright Group, a state-controlled financial conglomerate, according to the document, which was reviewed by The New York Times, as well as public records. After the chairman’s son came on board, JPMorgan secured multiple coveted assignments from the Chinese conglomerate, including advising a subsidiary of the company on a stock offering, records show.
The Hong Kong office of JPMorgan also hired the daughter of a Chinese railway official. That official was later detained on accusations of doling out government contracts in exchange for cash bribes, the government document and public records show.http://dealbook.nytimes.com/2013/08/17/hiring-in-china-by-jpmorgan-under-scrutiny/?_r=0
Okay .... The Gadfly was excoriated some time ago for referencing a George Carlin piece where Carlin made a statement to the effect that if America, after a fair trial and conviction, held public executions for a few of these Wall Street snakes and a few Banking CEO's, perhaps that might send a message to those people that what they have done isn't okay.
The Gadfly will stand by Carlin's view unrepentant -- and as horrible as his idea is, the alternative of just letting them do their thing . . . . is unacceptable.
You go George:
JP Morgan Chase. Bank of America. Wells Fargo. Goldman Sachs. . . . and Wall Street . . . .
Criminals. And The Gadfly could put forth a fucking library of their crimes, but space at this shitty little blog is limited.
Release all minor marijuana offenders and put every fucking criminal banker and financial industries charlatan in goddamn jail for life. And if they resist --- take George's advice . . . .