“The $108 million BlackRock contract to trade Maiden Lane was large enough that, had it been designated sole source, it would have to have been approved by the New York Fed’s board of directors…which includes Mr. Jamie Dimon. Wouldn’t it have been embarrassing to have to disclose that Mr. Dimon voted to approve a dubious no-bid contract to BlackRock to trade the very portfolio of Bear Stearns assets that his firm, JP Morgan, was first in line to absorb any losses? Better for the New York Fed to throw away the file and lie to the GAO (allegedly).”
http://www.economicpolicyjournal.com/2012/10/analyzing-jamie-dimons-bear-stearns.html
Related posts:
Two Tier Travel Becoming a Reality in the US?
Green Party Presidential Candidate Jill Stein Arrested Before Debate
Storing and Sending Bitcoins Directly from Your Brain
Former Obama drug policy adviser predicts weed war if states legalize
Facebook's Free Basics Banned In India, Now Shuts Down in Egypt
Bankrupt Philadelphia plunders homeowners via gas monopoly
Sign language-to-speech translating gloves take out Microsoft Imagine Cup 2012
Illinois Bill to Register Buyers of Gold and Silver Coins
Hundreds of inmates released early in Colorado prison sentencing mess
Bitcoin Block Time Halved To Five Minutes Amid Exponential Network Growth
"We have so many more questions for Mr. Lew."
New WiFi-Enabled Rifle Assists Hitting Moving Targets At Long Range
Need a New Knee? This Lithuanian Clinic Will Give You One for Bitcoin
Japanese Bitcoin Exchange Shuts Down After $723M Stolen
Bitcoin ATM launched