This should come as no surprise to anyone paying even the slightest bit of attention to the ongoing theft and fraud being perpetrated by the “too big to jail” financial oligarchs. J.P. Morgan in particular these days seems to have its grubby, crony paws in almost every degree of theft one can imagine. From Vatican money laundering, to running the food stamp program, to ripping off U.S. veterans, these guys have all their bases covered. The latest? Well it seems they were right there in the center of the latest scandal at the oldest bank in the world; Italy’s Monte dei Paschi. From Reuters:
Feb 6 (Reuters) – Monte dei Paschi lied to the Bank of Italy about the terms of the so-called FRESH 2008 hybrid instrument, worth around 1 billion euros, which it used to partly fund its acquisition of Antonveneta, prosecutors alleged in a document obtained by Reuters on Wednesday.