Don't Negotiate With Chase - Prosecute Them!

Last night, I went on All In With Chris Hayes to discuss something that should be unbelievable: The Justice Department has evidence JP Morgan Chase committed major securities fraud – but instead of filing criminal charges, they’re negotiating with them to settle for a small fraction of the damage they did.

Chase and Chase CEO Jamie Dimon broke the law, defrauded millions and crashed the economy. It's time for a perpwalk, not a negotiation.
Sign our letter to Attorney General Eric Holder demanding criminal charges for Chase, not sweetheart deals:
http://other98.com/dont-negotiate-with-chase-prosecute-them/
The New York Times has reported that JPMorgan Chase’s CEO Jamie Dimon has been in regular contact with Eric Holder at the Justice Department, negotiating the terms of his own fines, tacitly admitting guilt without ever having to face a jury for his crimes or even publicly admitting wrongdoing.
Isn’t is time we stopped letting the banks get away with buying off the government in exchange for escaping criminal charges? Especially when we are talking about a bank that continues to be charged with new offenses almost every month?
I'm beyond tired of Big Banks being Above The Law - and I think it's long past time to say No Banker Is Too Big To Jail. Join me.
Thank you for all you do to make this movement real.
Sincerely,
Alexis Goldstein, The Other 98%
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Sources:
1. The New York Times, “U.S. Deal with JP Morgan Spurred by a Phone Call.”
2. BuzzFeed, “How Two Deals And Two Lawsuits Led To JPMorgan’s $13 Billion Settlement.”
3. The Other 98%, “Alexis Breaks Down the $13 BN JPM Settlement.”

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The Other 98% is making democracy work for the rest of us.
Our website is http://other98.com/.

Elizabeth Warren Wants a New Glass-Steagall Act

We've seen all the headlines: JP Morgan Chase took risky bets and lost two billion dollars in a matter of weeks.
CEO Jamie Dimon called the bets "poorly reviewed" and even "sloppy." He added, "We will learn from it, we will fix it, and we will move on."
Frankly, I don't think we should just trust Wall Street banks to regulate themselves. Because as we learned during the 2008 financial crisis, they are not just taking risks with their own money -- they are taking risks with the whole economy.
That's why today, with the Progressive Change Campaign Committee, I'm calling on Congress to put Wall Street reform back on the agenda and to begin by passing a new Glass-Steagall Act. This was the law that stopped investment banks from gambling away people's life savings for decades -- until Wall Street successfully lobbied to have it repealed in 1999.
Will you join us in calling on Congress to hold Wall Street accountable and pass a new Glass-Steagall Act? Click here to stand with us!
A new Glass-Steagall would separate high-risk investment banks from more traditional banking. It would allow Wall Street to take risks, but not by dipping into the life savings and retirement accounts of regular people.
And by making banks smaller, a new Glass-Steagall could also help put an end to banks that are "too big to fail" -- further avoiding costly taxpayer bailouts.
Wall Street's risky bets nearly brought the economy to its knees in 2008. But instead of taking responsibility, Wall Street lobbied to water down the Dodd-Frank financial reforms of 2010 and fought to weaken the reforms Congress passed.
It has become clear over time -- and made even clearer this past week -- that additional Wall Street reforms are needed.
Please join us in urging Congress to put Wall Street reform back on the table -- and pass a new Glass-Steagall Act today.
If I'm elected to the U.S. Senate from Massachusetts, I promise this difference from my Republican opponent Scott Brown: I will be a reliable and strong champion for commonsense Wall Street reform. But we don't have a moment to waste.
Together, we must urge Congress to act now.
Thank you,

Elizabeth