Giving Chase: Egypt, OK – But What About America’s Oligarchs?
With all the attention on crowds of ordinary people rising up and asserting themselves against corruption and self-dealing by an oligarchy, we’re missing what the oligarchs are doing right at home. Take, for example, the activities of one of our biggest banks, JPMorgan Chase. Newly released documents show that high officials of the bank knew for a long time that Bernard Madoff was running a Ponzi scheme, but did nothing to protect his investors – though they did protect their own investments tied to him. As reported in The New York Times in an article that, unfortunately, was missed by many with all the other recent headlines. http://www.lewrockwell.com/orig11/baker-r2.1.1.html