Relevant:
- Michael Crimmins: Why the Cops Should be Knocking on Jamie Dimon’s Door Soon « naked capitalism
- Michael Crimmins: Why the Cops Should be Knocking on Jamie Dimon’s Door Soon « naked capitalism
- Michael Crimmins: Why Hasn't Jamie Dimon Been Fired by His Board Yet?
- Jamie Dimon Misrepresented "London Whale" Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye
- How JP Morgan became trapped in its $1 trillion fortress
2012-10-12 — nakedcapitalism.com
Via e-mail, some updates from Michael Crimmins, a bank compliance expert and member of Occupy the SEC, on the continuing failure of the media to portray the real significance of the JP Morgan London Whale losses: that it revealed glaring deficiencies in internal controls that warrant prosecution of Jamie Dimon under Sarbanes Oxley (SOX). This section of a July post by Crimmins explains why the London Whale control failures are serious. JP Morgan's kid gloves treatment by the press shows it pays to be a major advertiser
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