The Wall Street Journal reports former JPMorgan Chase employee Bruno Iksil will not be prosecuted by the Justice Department under Eric Holder. Surprised?
In an article posted on the selective prosecution of Bradley Manning (http://www.dailycensored.com/bradley-manning-americas-1-political-prisoner/)we can add arch criminal Bruno Iksil to the list with the Isaias brother banksters out of Ecuador (http://www.dailycensored.com/robert-and-william-isaias-dassum-the-case-of-the-ecuadorian-banking-fugitives-that-live-and-invest-in-the-u-s/).
Too big to fail and too big to prosecute. Meanwhile 2.2 million poor and disenfranchsied Americans dwell in penitentiaries.
Iksil is the so-called “London Whale” at the center of the trading scandal that lost JPMorgan, the country’s biggest bank by assets, some $6.2 billion in 2012. You know, those banks you bailed out?
Justice Department head, Eric Holder made a statement that banks were too big to prosecute in a confession in testimony before the Senate Judiciary back in March of this year.
Holder said, according to The Hill:
“I am concerned that the size of some of these institutions becomes so
large that it does become difficult for us to prosecute them when we are
hit with indications that if you do prosecute, if you do bring a
criminal charge, it will have a negative impact on the national economy,
perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large” (http://www.huffingtonpost.com/2013/03/06/eric-holder-banks-too-big_n_2821741.html).
Eric Holder’s DOJ declined to prosecute HSBC for flagrant, years-long violations
of drug money-laundering laws, out of fear that doing so would hurt the
Lanny Breuer, formerly in charge of doling out the
Justice Department’s wrist slaps to banks, told Frontline as much in the documentary “The Untouchables,” which aired in January of this year (ibid).
See the video of Holder’s testimony at: (http://www.huffingtonpost.com/2013/03/06/eric-holder-banks-too-big_n_2821741.html).
The New York Times reported that U.S. authorities planned to arrest two former JPMorgan employees for their roles in the scandal (low level compared with Iksil), and Iksil will need to play a role in any arrests related to the trades. In other words, we have to let the big criminal whale go to catch the ‘pilot fish’.
Javier Martin-Artajo is one of two former JPMorgan employees that has been arrested. He’ll sing, but no one will be listening.
Time to sharpen your harpoons. You can’t think this will go on forever, can you?
The whole damn economy will collapse soon.